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Explain How a Top-Selling Product May Actually Result in Losses

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Essay

Explain how a top-selling product may actually result in losses for the company.


Definitions:

Normal Distribution

A symmetrical probability distribution centered around the mean, indicating that occurrences of data points close to the mean are more common than those far from it.

Standard Deviation

An indicator of the range or spread of a group of numbers.

Mean

The average of a set of numbers, calculated by adding all values together and dividing by the number of values, a central measure of location in statistics.

Continuous Random Variable

A random variable that can take any value in a continuum or uncountable range.

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