Business Statistics

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Zusammenfassung der Ressource

Business Statistics
  1. Mean: arithmetic average
    1. Mean= sum of all values / number of values
      1. Weighted Mean = Sum of products / Sum of Frequencies
      2. Median: Center of Data
        1. Even number of values: sum of middle values divided by 2
        2. Mode: Value that occurs most frequently
          1. Range= Highest Value-lowest value
            1. Standard Deviation
                1. Empirical Rule / Three Sigma Rule: Normal distribution will be a bell curve
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