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How can managers assist organisations in handling complex and critical issues within the organisation?
Standard Deviation
An indicator of the degree to which a dataset's values vary or are spread, showing the distance of the values from the average.
Probability
The measure or quantification of how likely an event is to occur, expressed as a number between 0 (impossible) and 1 (certain).
NORM.DIST
A function in statistics that returns the normal distribution for a specified mean and standard deviation.
Standard Error
The standard deviation of the sampling distribution of a statistic, often used to estimate the precision of a sample mean.
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