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According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
Inferential Statistics
A branch of statistics focused on drawing conclusions and making predictions about a population based on a sample.
Inferential Parameters
Parameters derived from sample data for the purpose of making inferences about the larger population.
Sampling Distribution
The probability distribution of a statistic based on a random sample.
Statistical Inferences
The process of drawing conclusions about population parameters based on a sample.
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