What Is Electronic Data Interchange (EDI)? What Types of Business

question 8

Essay

What is electronic data interchange (EDI)? What types of business use EDI?

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Definitions:

Z-scores

A measure of how many standard deviations an element is from the mean. It is used in statistics to identify how unusual or typical a data point is.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one, used as a basis for comparing other normal distributions.

Less Than

A mathematical relation indicating that one quantity is smaller than another.

Z-scores

A statistical measurement of how many standard deviations an element is from the mean of its population.