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Katie Has Recently Opened a New Beauty Salon

question 13

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Katie has recently opened a new beauty salon. You have been hired to advise Ms. Katie with her business. Katie plans to hire 35 employees and needs loans to buy beauty supplies, new equipment, and pay salaries. Katie's business is an example of


Definitions:

Covariance

A statistical measure indicating the extent to which two variables change together.

Distribution

The arrangement or pattern of how data points or values are spread out over a range of values.

Distribution

Describes how values are spread or distributed across various levels or intervals in a dataset.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.

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