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The stacked line chart shows the value of each of Danny's investments. The stacked line chart contains three regions. The uppermost unshaded region represents the value of Danny's investment in individual stocks. The center shaded region represents the value of Danny's investment in mutual funds and the bottom region in black represents the value of Danny's investment in a CD. The thickness of a region at a particular time tells you its value at that time. Use the graph to answer the question.
-In the year 1998, what was the approximate value of Danny's investment in mutual funds?
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data points, indicating how spread out the values are in relation to the mean.
Forecasting
The process of making predictions about future events or trends based on historical data and analysis, instrumental in business strategy and planning.
Revenue Management
Strategic use of pricing to maximize a company's revenue by selling the right product to the right customer at the right time for the right price.
Supply Chain Surplus
The difference between the value generated for the end customer and the total cost across the supply chain, indicating the chain’s efficiency.
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