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One of the key considerations when evaluating the strategy-management preference linkage is: how value should be distributed.
Central Tendency
A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.
Normal Curve
A symmetrical, bell-shaped curve representing the distribution of variables, where most scores fall near the average, and fewer scores lie at the extremes.
Standard Deviation
A quantitative indicator that determines the extent of fluctuation or scattering of data points relative to their mean.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two variables.
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