________ Is the Use of Computer Software to Evaluate the Profitability

question 153

Short Answer

________ is the use of computer software to evaluate the profitability of merchandising plans in a retail layout.

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Definitions:

Central Tendency

A numerical metric that pinpoints a sole figure to typify a whole data distribution, often utilizing the mean, median, or mode.

Data

Facts and statistics collected together for reference or analysis, often used as a basis for making decisions or drawing conclusions.

Median

The middle value of a dataset arranged in order of magnitude, or the mean of the two middle values if the set has an even number of observations.

Mean

The mean of a collection of numbers, determined by summing up the values and then dividing by the total count of these values.