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A Company Decides to Ignore a Very Small Error in Its

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A company decides to ignore a very small error in its inventory balance.This is an example of the application of the ________.


Definitions:

Stemplot

A type of graph used in statistics that is used to display quantitative data, typically to show distribution.

Time Series

A sequence of data points collected or recorded at successive points in time, often used to analyze trends, cycles, or patterns.

Quantitative Variable

A variable that can be counted or measured numerically, allowing for mathematical operations and statistical analysis.

Histogram

A graph that represents the frequency distribution of a dataset by using bars to show the number of observations within each interval or bin.

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