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Perry has recently expanded his business and hired two employees. As a result of this expansion, he is sansidering carefully how to establish policies and procedures for creating workbooks. Perry also decides that he should approve ____ of any proposed worksheet.
Central Tendency
A statistical measure that identifies a single value as representative of the middle of a dataset, commonly the mean, median, or mode.
Outliers
Data points that lie an abnormal distance from other values in a random sample from a population, often indicating a measurement or transcription error, or a novel phenomenon.
Variance
Measures the variability or spread of a set of data points around their mean; it's calculated as the average of the squared differences from the Mean.
Descriptive Statistics
Statistical methods that summarize and organize the information in a data set to describe its various features, such as mean or standard deviation, without drawing inferences about the population.
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