Examlex
The statement "It would be better to put up with price controls than to have continuing higher medical care prices" is an example of normative economic analysis.
Margin of Error
An expression of the amount of random sampling error in a survey's results, indicating how much the survey results might differ from the true population value.
Confidence Level
The probability that the true parameter will fall within the confidence interval, expressed as a percentage.
Sample Size
The number of observations or datapoints that are used in a statistical sample.
Finite Population Correction Factor
A factor applied in sampling calculations to adjust for the size of the population when the sample size is a substantial fraction of the total population, to improve the estimation accuracy.
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