Examlex
It is important that leader-managers understand and respond to the changing nature of the Australian economy because:
Squared Deviations
The squares of the differences between each data point in a data set and the mean of that data set, used in various statistical calculations.
Grand Mean
The grand mean is the mean of means, calculated by taking the average of the mean values from multiple groups or samples within the data.
Population Variances
A measure that indicates the degree to which individuals in a population vary or differ from the mean of the population.
Normally Distributed
Refers to a theoretical distribution whose random variable values are symmetrically distributed around the mean, having a specific bell-shaped curve.
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