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The Baily Division recorded operating data as follows for the past two years: Baily Division's turnover was exactly the same in both Year 1 and Year 2.
-The margin in Year 2 was:
Normally Distributed
Referring to a distribution that follows a normal curve, characterized by its bell shape and defined by its mean and standard deviation.
Ordinal Data
A type of categorical data in which the order or ranking of the values is significant, but the difference between those values is not necessarily consistent or defined.
Interval Data
A type of quantitative data in which the intervals between values are meaningful and consistent, but there is no true zero point, allowing for the measurement of difference and comparison.
Validity
The extent to which a test, measurement, or study accurately reflects or assesses the specific concept it is intended to measure.
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