Examlex
A reduction in the price of a product and an increase in the number of buyers in the market affect the demand curve in the same general way.
Sample
A sample is a subset of individuals, items, or data taken from a larger population for the purpose of analysis.
Nominal Or Interval
Categories of measurement scales in statistics where nominal involves labeling without a natural order and interval implies ordered categories with meaningful intervals between values.
Level Of Measurement
The nature of the information within the values assigned to variables, indicating the degree to which mathematical operations can be performed.
Frequency Distribution
A frequency distribution is a summary of data showing the number (frequency) of observations in each of several non-overlapping categories or classes.
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