Examlex
If the random variable X is normally distributed with mean and standard deviation
,then the random variable Z defined by
is also normally distributed with mean 0 and standard deviation 1.
Discovered
Found or identified after a search, exploration, or investigation, often implying that the object or information was previously unknown or hidden.
Rational Consumers
Individuals who aim to maximize their utility or satisfaction from consumption under the constraints of their budget.
Complete Preferences
A concept in economics where an individual's preferences over a set of goods or outcomes are fully defined, allowing for every pair of outcomes to be compared.
National Unemployment Rate
A measure of the percentage of the labor force that is unemployed and actively seeking employment, often used as a key indicator of the health of a country's economy.
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