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In the opening case in Chapter 10,a secretary complains that janitors make more money than she does.Her complaints and Dr.Smith's response show that Sigma's compensation system:
Measure of Central Tendency
A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.
Statistic
A numerical value that summarizes or describes an aspect of a sample.
Parameter
A measurable characteristic that describes an aspect of a population in statistical analysis.
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