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How may variance and standard deviation be applied to a realworld business-related problem? Provide a specific application in which these measures are useful. ----------------------------------------------------------QNT 561 Week 1 DQ 2
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When would you use Chebyshev’s theorem and the empirical rule in business? How are they calculated? Provide one real-life example that requires Chebyshev’s theorem and one that requires the empirical rule. ----------------------------------------------------------QNT 561 Week 1 Individual My Statslab Problem Set
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