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Describe the Distributions of the Following Scores

question 45

Essay

Describe the distributions of the following scores:
a.101,120,131,143,146,2902
b.-109,-0.9,-0.1,-0.1,0,0.3,0.4


Definitions:

Stock-Out Costs

The expenses incurred by a business when it runs out of stock on a particular item, including lost sales, customer dissatisfaction, and potential reduction in market share.

Buyer's Market

A market condition characterized by an abundance of goods available for sale, giving buyers an advantage over sellers in terms of price negotiations.

Seller's Market

A market condition characterized by a shortage of goods available, leading to sellers having an advantage over buyers in price negotiations.

Independent Demand

Refers to the need for goods or services that is determined by external market forces, not linked to the production schedules of related items.

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