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Peter is creating a spreadsheet to summarize labor costs, which is shown above. He has entered information into the Description column, Quantity/Shoe column, and Total Cost column. However, there are several errors in the Total Cost column.
-What does the ###### error in cell D13 indicate?
Standard Error
A statistical measure that estimates the accuracy of a sample mean by quantifying the dispersion of sample means around the population mean.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, showing how much the values differ from the mean.
Blood Pressure
The pressure of circulating blood against the walls of blood vessels, important for diagnosing cardiovascular health.
Sample Size
The number of observations or data points collected in a statistical sample.
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