Examlex
If a decision maker uses marginal analysis, then the relevant costs are the
Deviations
Differences between observed values and some reference value, often the mean of the dataset, indicating the spread of the data.
Mean Squared
A statistical measure of the average of the squares of the errors or deviations, that is, the difference between the estimator and what is estimated.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values.
Spread Out
Describes data that is dispersed widely, showing a large variation among its values, often seen in distributions with high variance.
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