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Explain the Significance of the Catering Event Order (CEO)

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Essay

Explain the significance of the catering event order (CEO).


Definitions:

Variance

A measure of the spread or dispersion of a set of data points, indicating how much the values differ from the mean of the set.

Standard Deviation

A statistical index that quantifies the spread or dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Simple Random Sample

A sampling method where each member of the population has an equal chance of being selected, minimizing bias and ensuring representativeness.

Histogram

A graphical representation of the distribution of numerical data, often used to visualize the shape, spread, and central tendency of data.

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