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You Work for a Company That Manufactures and Sells Guitars

question 159

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You work for a company that manufactures and sells guitars. What type of computer system allows you and others in your organization to quickly find out whether a particular guitar is in stock, determine the expected delivery date, find out your customer's credit rating, and find the current selling price of the guitar


Definitions:

Standard Deviation

A quantification method for assessing the spread or variability within a dataset.

Interquartile Range

A measure of variability, defined as the difference between the 75th and 25th percentiles of a data set.

Interquartile Range

The difference between the 75th and 25th percentiles of a data set, representing the middle 50% of the data.

Outliers

Data points that differ significantly from the majority of a data set, often indicating variability in a measurement, experimental errors, or a novelty.

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