Examlex
A company that is closing factories with unused capacity and laying-off workers is likely following a ________ strategy.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values; a low standard deviation means that the values tend to be close to the mean, while a high standard deviation means they are spread out over a wider range.
Normal Model
Also known as the normal distribution, a bell-shaped curve that represents the distribution of many types of data where most values cluster around a mean value.
85th Percentile
A value below which 85% of the data points in a dataset fall, used in statistical analysis to understand distribution.
Snowfall
The amount of snow that falls in a specific area within a specific time period, usually measured in inches or centimeters.
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