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Your friend is confused about the practical applications of measures of central tendency and measures of variability. Provide a detailed explanation of how these statistics

Your friend is confused about the practical applications of measures of central tendency and measures of variability. Provide a detailed explanation of how these statistics are used in real-life scenarios, such as business or social sciences. Utilize examples to illustrate how they help in making informed decisions or drawing meaningful conclusions from data. (4 marks

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