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Why was the Munn v Illinois (1877) court case particularly important with regard to government regulation?
Standard Deviation
An indicator that quantifies the spread or variability among a collection of numbers, showing the extent to which these numbers differ from their average.
Mean
The mathematical mean of a collection of numbers, obtained by summing them up and then dividing by the total count of the numbers.
Mean Salary
The average amount of income earned by employees in a particular job, sector, or region, calculated by summing all salaries and dividing by the number of employees.
Skewed
A term describing asymmetry in the probability distribution of a real-valued random variable, indicating a deviation from the normal distribution.
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