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The Sea Mist Hotel collects customer satisfaction data daily. Yesterday, the hotel was 99% occupied and the manager wanted to quickly assess customer satisfaction. She randomly selected 10 scores. 100 points is the maximum score. The mean score is 82.1. The 10 scores were: What is the variance?
Emerging Market
A nation's economy that is progressing towards becoming more advanced, usually by means of rapid growth and industrialization.
Economic Stability
A state where an economy experiences steady growth, low inflation, and low unemployment rates over time.
Catching-up Growth
Economic strategy aimed at enabling developing countries to achieve rapid economic growth and reach the standards of more developed countries.
Brazil, Russia, India, China
Collectively known as BRIC, these countries were identified as fast-growing developing economies with significant influence on regional and global affairs.
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