________ Are Basic Human Requirements,while ________ Are Wants for Specific

question 5

Multiple Choice

________ are basic human requirements,while ________ are wants for specific products backed by an ability to pay.

• A)Wants;needs
• B)Demands;wants
• C)Needs;wants
• D)Needs;demands
• E)Demands;needs

---

Definitions:

Normal Probability Distribution

A type of continuous probability distribution that is symmetrical around its mean, representing how random variables are distributed in many natural phenomena.

Sampling Distribution

Describes the distribution of a statistic (like the mean or variance) based on random samples from a larger population.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the dataset deviate from the mean.

Standard Error

The typical deviation within the distribution of samples for a statistic, often specifically of the mean.