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The price of a good will fall if
Confidence Level
The probability that the value of a parameter falls within a specified range of values, often associated with a confidence interval.
Confidence Interval
A range of values derived from sample data that is likely to contain the true population parameter with a specified level of confidence.
Population Mean
The average value of all elements in a population.
Population Values
The actual numerical values representing a characteristic of every individual member of a population.
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