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A small business is currently using a paper-based system for billing, which is slow and error-prone. Which system upgrade will make the process faster and have fewer errors?
Sample Size
The number of individuals or observations included in a study, important for the reliability and validity of statistical analyses.
Population Average
A statistical measure that reflects the average characteristic of a particular population.
Representative Sample
A subset of a population that accurately reflects the members of the entire population, used in statistical analysis.
Skewed Distribution
A type of distribution in which data points are not evenly distributed around the mean, leading to a longer tail on one side of the distribution.
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