Examlex
Describe the three types of competition faced by marketers.
Investment
Allocation of resources, usually financial, in assets or projects expected to yield returns over time.
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.
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