Examlex
If the income elasticity of demand is -3, the good will be a(n) :
Chi-squared Goodness-of-fit Test
A statistical test used to determine whether observed frequencies differ significantly from expected frequencies specified by a theoretical distribution.
Rule of Five
An empirical rule suggesting that extreme observations in data, more than five standard deviations from the mean, are rare.
Expected Value
The long-term average value of a random variable over numerous trials.
Student Body Proportions
The distribution of various characteristics (e.g., gender, major, year) within a school's student population, often analyzed in educational studies.
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