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Promoting from within makes use of the people who already know the organization and the contribution they have made.
Chebysheff's Theorem
A statistical rule stating that for any dataset, regardless of distribution, a certain proportion of values will fall within a specified number of standard deviations from the mean.
Empirical Rule
A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations of the mean.
Distribution
Refers to the way in which values in a dataset are spread out or distributed.
Arithmetic Mean
The arithmetic mean is a statistical measure that represents the sum of all values in a dataset divided by the number of values.
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