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Calculate the variance and the standard deviation for the following sample data.Scores: 1,0,3,1,2,4,0,1
Sensitivity Analysis
The study of how the variation in the output of a model can be attributed to different variations in its inputs.
Scarce Resources
Limited resources available to meet the unlimited wants and needs of individuals or societies.
Parameter Changes
Adjustments made to the variables or inputs that define the operation of a system or model.
Maximum Profit
The highest possible financial gain achievable by a business or investment, often the primary goal of economic activities and operations.
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