The Marketing Department at ADEC, Inc. has surveyed the price of 12 products that compete directly with

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The Marketing Department at ADEC, Inc. has surveyed the price of 12 products that compete directly with its own primary product, with the following results:
$122, 124, 127, 146, 125, 122, 134, 125, 123, 128, 126, 134
Compute the range, the MAD, the variance, and the standard deviation or the data. Interpret each of these measures of dispersion.
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Related Book For  book-img-for-question

Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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