Examlex
Market failure results in an inefficient allocation of resources.
Chi-Square Test
A statistical test applied to sets of categorical data to evaluate how likely it is that any observed difference between the sets arose by chance.
Populations
In statistics, a population is the entire pool of individuals or items from which a statistical sample is drawn for analysis.
Two-Way Table
A tabular format for organizing data that simultaneously categorizes subjects based on two distinct characteristics or attributes, facilitating comparative analysis.
Statistical Software
Computer applications designed to perform statistical analysis, including descriptive statistics, inferential statistics, data modeling, and graphical representation of data.
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