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Opal is a salesperson for a wholesaler.There are many retailers in her territory and she says,"No two are alike.I must adjust my way of communicating to their different styles.Some are strictly business.Others like to talk about their families or sports before I discuss my company's products." Which characteristic of a successful salesperson is illustrated by Opal's approach?
Confidence Interval
Confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a certain level of confidence.
Population Standard Deviation
Population standard deviation is a measure of the dispersion or variation in a set of values from a population, calculating how spread out the values are from the population mean.
Population Mean
The average value of all elements in a population, where the population represents the entire set of interest.
Sample Mean
The average of all the data points in a sample, used as an estimate of the population mean.
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