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Briefly explain the main difference between the capital budgeting process and the strategic planning process.
Crimes Per Capita
A statistical measure expressing the number of crimes reported per unit of population in a given area or period.
Variance
A measure of the dispersion or spread of a set of data points around their mean; it quantifies the degree to which these points differ from the mean.
Original Data
The initial dataset collected or received before any processing, manipulation, or analysis has been done.
Independent Events
Events whose occurrence or outcome is not influenced by the occurrence or outcome of another event.
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