Examlex
Explain why it is necessary to adjust unrealised profit in opening inventory on consolidation.
Hypergeometric Random Variable
A type of random variable that describes the number of successes in a sequence of n draws from a finite population without replacement.
Tchebysheff's Theorem
A statistical rule stating that for any data set, regardless of distribution, a minimum proportion of values lie within a certain number of standard deviations from the mean.
Variance
A measure of the dispersion of a set of data points around their mean, indicating how spread out the data are.
Mean
Calculating the average involves summing all numbers in a set and then dividing by the quantity of those numbers.
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