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What Is the Implied Assumption in Percent of Sales Method

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What is the implied assumption in percent of sales method?


Definitions:

Independent Samples

Two or more groups of observations that are collected from populations which do not overlap, important in statistical testing for comparing means.

Leptokurtic

Refers to a distribution that is more peaked than a normal distribution, indicating a higher level of outliers.

Platykurtic

Describes a statistical distribution with a lower kurtosis than the normal distribution, indicating a flatter shape.

Standard Deviation

A measure of the extent to which a set of scores vary on either side of their mean value. The square root of variance. See also standard error.

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