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Discretionary Expense
Non-essential spending or expenses that an individual chooses to make, which can be cut without impacting their ability to cover basic living costs.
Measures Of Central Tendency
Single numbers, such as the mean, median, and mode, designed to represent a “typical” value for the data.
Outliers
Outliers are data points in a dataset that deviate significantly from the rest of the distribution, potentially indicating an error or a unique underlying process.
Bimodal
A set of data that has two modes.
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