The Activities in the Value Chain, the Value Activities, Are

question 87

True/False

The activities in the value chain, the value activities, are business processes that convert inputs to valued outputs.

---

Definitions:

Mean

A statistical measure that calculates the average value of a set of numbers by dividing the sum of all values by the number of values.

Median

The middle value in a dataset when it is ordered from smallest to largest, or the mean of the two middle numbers if there is an even number of values.

Sample Variance

A measure that quantifies the degree to which sample points in a dataset differ from the sample mean.

Population Variance

A measure of the dispersion of individual values in a population around the mean of the population.