Examlex
E-commerce can provide a benefit to small businesses by compressing the sales cycle and easing cash flow difficulties.
Empirical Rule
A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations (denoted as sigma) of the mean.
Numerical Descriptive Measures
Statistics that quantitatively describe or summarize features of a collection of information, such as mean, median, mode, and range.
Population Measurements
The process of obtaining and analyzing specific characteristics or parameters of a defined group of individuals to generalize findings.
Mound-Shaped
A description of a graph of a dataset that has a symmetrical bell-shaped appearance, reflecting a normal distribution.
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