Examlex
Which of the following characteristics do merchandisers have?
i.They trade in physical products
ii.They do not hold inventories.
iii.They purchase goods for resale.iv.Their outputs have low customisation.
Range
The difference between the maximum value and minimum value in a data set.
Central Tendency
Statistics referring to the middle or typical value within a dataset, represented by measures such as mean, median, and mode.
Mean
The arithmetic average of a set of numbers, calculated by adding all the numbers together and dividing by the count of those numbers.
Median
A statistical measure representing the middle value in a sorted, ascending or descending, list of numbers.
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