Examlex
Supply is of great consequence in most manufacturing organizations since the costs of purchased materials and services greatly exceeds labor and other costs.
Explanatory Variable
In statistical modeling, an explanatory variable is one that is manipulated or categorized to assess its effect on a response variable.
Scatterplot
A type of graph used in statistics to display values for two variables for a set of data.
Density Curve
A smooth curve used in statistics to describe the distribution of a continuous probability variable; its area under the curve sums to 1.
Boxplot
A graphical representation of data that displays the distribution's quartiles and median, helping to visualize central tendency, dispersion, and outliers.
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