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Deviance is also known as the error in a statistical model. Suppose the mean height (standard deviation) jumped by a group high jumpers was 1.89(0.05) m. One of the individuals jumped 1.95 m. Calculate the deviance score.
Input
Resources used in the production process to create goods or services.
Inputs
Resources such as labor, materials, and capital used in the process of production.
Output
The quantity of goods or services produced by a firm, industry, or economic system.
Diminishing
A principle often observed in economics where additional units of a variable factor increase total output at a decreasing rate.
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