Examlex
The retailer's controllable element of price can be either the cost of goods sold or the gross margin that is added to the cost.
Mean and Variance
Statistical measures where mean is the average of a set of numbers, and variance quantifies the spread of the numbers in the set.
Distribution
The way in which something is shared out among a group or spread over an area, especially referring to the statistical arrangement of values in a dataset.
Shape
In statistics, the geometric form of a distribution that describes how data is organized or spread out.
Distribution
The way in which values in a data set are spread or dispersed across a range.
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