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Ah, payment terms can sometimes be like happy little trees in the world of business. "3ND2" stands for "3% discount if paid within 2 days." It's a way for businesses to encourage prompt payment and build positive relationships with their customers. Just like adding a touch of titanium white to your painting, these payment terms can bring a sense of balance and harmony to your financial transactions.
The mean, or the average.
prioirandposterior dist
That's the definition of the "mean" or "average" of that group of terms.
The arithmetic mean.