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Our Sun, An Average Star: Often in science it is helpful to talk about a representative example of the objects or phenomena being studied. However, you must always keep in mind that the average case is not always representative. For example, our Sun is often described as an "average" star in the Milky Way. In what sense is this statement true? In what sense is this statement seriously misleading? Do you think it is useful to characterize the stars in the Milky Way by simply citing our "average" Sun?
Relative Frequency
The ratio of the number of times an event occurs to the total number of trials or observations.
Subjective
Rooted in or swayed by one's own emotions, preferences, or views.
Equity Loan
A type of loan in which the borrower uses the equity of their property as collateral.
Interest Rate
The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.
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