Examlex
A vaccine is 95 percent effective. What is the probability that it is not effective for 1 and only 1 individual out of 20 individuals?
Rebate Program
A promotional offer that refunds part of the purchase price of a product to the customer, usually after submitting a claim form with a receipt.
Ford Motor Company
An American multinational automaker founded by Henry Ford, known for revolutionizing vehicle manufacturing through the assembly line method.
Economic Explanation
A rationale or interpretation provided to clarify how economic principles, policies, or phenomena influence behaviors and outcomes in the system.
Price Elasticity of Demand
A gauge measuring the effect of price variations on the demand for a good.
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