Examlex
The majority of financial instruments are valued at the lower of cost or market.
Variability
The measure of how spread out or scattered the points in a data set are.
Average Ages
The mean age of a group of individuals, calculated by summing their ages and dividing by the number of individuals.
Standard Deviation
A measure that quantifies the amount of variation or dispersion of a set of data values from the mean value of the dataset.
Sample
A subset of individuals or observations from a larger population, used to make inferences about the population.
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