Explain the importance and applicability of given concept


Assignment:

Measures of Variation & The Empirical Rules

Write a 350- to 700-word response in which you examine

• Describe the concept and define the terms and/or formulas involved
• Explain the importance and applicability of this concept.
• Describe why this concept is important, and how it can be applied to society in general.
• Find a set of data which can be related to the thesis. Include a hypothetical example, where the statistical values are calculated, and an inference about the population is made.
• Use additional research outside of the text to extend the reader's knowledge of the topic.
Measures of Variation & The Empirical Rules

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Microeconomics: Explain the importance and applicability of given concept
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