A Data Set in Which the Mean and Median Are

question 116

True/False

A data set in which the mean and median are equal is said to be bimodal data.

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Definitions:

Four-Actions Framework

A strategic tool used in blue ocean strategy to redefine market boundaries by looking at ways to eliminate, reduce, raise, and create factors the industry competes on.

Blue Ocean Strategy

A business strategy that focuses on creating new markets and demand, rather than competing in existing markets.

Competitive Advantages

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand reputation, and customer service.

Core Competencies

Unique abilities or strengths of an organization that provide competitive advantage and cannot be easily imitated by others.