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Here Are Some Summary Statistics for Last Year's Basketball Team  score =18\text { score } = 18

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Here are some summary statistics for last year's basketball team scoring output: lowest  score =18\text { score } = 18 points,  mean =58\text { mean } = 58 points,  median =52\text { median } = 52 points,  range =97\text { range } = 97 points, IQR=46\mathrm { IQR } = 46 Q1=23\mathrm { Q } 1 = 23 \text {, } standard  deviation =9\text { deviation } = 9 points.Suppose the opponents' scoring output was 10% lower.Find the opponents' mean and standard deviation.


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Excess Capacity

The additional production capability that a business can utilize without incurring additional fixed costs, often seen as an opportunity for growth.

Minimum Price

The lowest price at which a product or service can be sold, often determined by covering at least the costs of production or market regulations.

Special Order

A one-time customer order typically at a reduced sale price, which does not disrupt regular production or sales activities.

Constrained Resource

A critical resource within a process or system that has a capacity limit potentially affecting overall performance or output.

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