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(i. If the mean of a frequency distribution is smaller than the median and mode, the Pearson's coefficient of skewness would be negative. (ii) The only time the variance equals the standard deviation is when both equal 1.
(iii) According to the Empirical Rule, 68 percent of the observations lie within plus and minus one standard deviation of the mean.
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Inventory
Goods and materials that a business holds for the purpose of resale or as part of its production process.
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