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If the population distribution is skewed,in most cases the sampling distribution of the mean can be approximated by the normal distribution if the samples contain at least 30 observations.
Can Be Verified
Indicates that a certain piece of information, claim, or data can be checked and confirmed for accuracy or truthfulness.
Positive Economic Statement
An objective statement based on empirical evidence that describes the world as it is. These statements can be tested and validated through observation.
Marginal Tax Rates
The rate at which tax is charged on an additional dollar of income, which can vary based on income levels and tax brackets.
Gasoline Purchased
The amount of gasoline acquired by consumers, often measured in gallons or liters, for the purpose of powering vehicles.
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