Examlex
The Central Limit Theorem states that for a sufficiently large sample the sampling distribution of the means of all possible samples of size n generated from the population will be approximately normally distributed with the mean of the sampling distribution equal to 2and the variance equal to 2/n.
Producing Firm
An entity or company involved in the creation of goods or services to be offered to consumers.
Decision Makers
Individuals or groups responsible for making choices that determine the course of actions to be followed.
Efficient
The property of resource allocation where it is impossible to make any one individual better off without making at least one individual worse off.
Marginal Benefit
Marginal benefit is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
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