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If the people with values of $4,$12,$15 form a cartel during the auction in the previous problem (values for all participates are $4,$6,$9,$12,$13,and $15) ,how much money will the cartel save?
Variation
In statistics, it refers to the measure of the spread or dispersion of a set of data points or values in a dataset.
Explanatory Variables
Variables in a statistical model that are used to explain variance in the dependent variable; also known as independent variables.
Sales
The exchange of a commodity for money; the action of selling something.
Least Significant
Refers to the component of a data set, measurement, or statistical result that contributes the least impact or importance.
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