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Perform an ABC Analysis on the Following Set of Products

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Perform an ABC analysis on the following set of products.
Perform an ABC analysis on the following set of products.


Definitions:

Chi-square Distribution

A probability distribution that is used to analyze the variance in categorical data between observed and expected outcomes.

Population Variance

A measure of how data points in an entire population are dispersed or spread out from the mean, indicating the level of diversity within the population.

Confidence Interval

A collection of numbers, sourced from sample data, presumed to contain the value of an undiscovered population characteristic.

Population Variance

The variance of a population data set, calculating the mean of the squared deviations from the mean of the data.

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