Examlex
What do accountants use to estimate the effects of price changes on sales volume?
Virtual Teams
Groups of individuals who work together from different geographical locations, connected by technology such as email, video conferencing, and collaboration tools.
Empirical Rule
A statistical rule stating that for a normal distribution, about 68% of data falls within one standard deviation of the mean, 95% within two, and 99.7% within three standard deviations.
Mound-Shaped
Refers to a symmetrical, bell-shaped curve often associated with the normal distribution in statistics.
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.
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