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Jan Berry Recently Received a $500,000 Inheritance from Her Maternal

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Jan Berry recently received a $500,000 inheritance from her maternal grandmother. Jan decided to use the money to start a business. According to the textbook, the inheritance that Jan received was the ________ that prompted her to start a business.


Definitions:

Central Tendency

A statistical measure that indicates the center or the middle of the distribution.

Extreme Outliers

Data points that are significantly distant from the majority of other points in a dataset, often indicating a deviation from expected norms.

Median

A measure of central tendency that is defined as the middle score or the score that divides a distribution exactly in half.

Qualitative Variables

Variables that are nonnumeric in nature and are defined using nominal or categorical data.

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