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Heights of adult females are normally distributed. Samples of height of adult females, each of size n=3 , are randomly collected and the sample means are found. Is it correct to conclude that the sample means cannot be treated as a normal distribution because the sample size is so small? Explain.
Financial Advantage
The benefit or upper hand that a business or individual gains by optimizing financial decisions and resource allocations to enhance wealth or profitability.
Profitable Product
A product that generates more revenue than the costs associated with producing and selling it.
Variable Costs
Expenses that fluctuate with changes in production volume or business activity levels.
Special Order
An order for goods or services that is outside the company's normal production or service offerings, often requiring special pricing or terms.
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