Examlex
If the total expenditures of a typical family equaled $35,000 per year in 2010 and the exact same basket of goods and services cost $40,000 in the year 2015, the family's cost of living:
Normal Model
A statistical representation where most occurrences happen around the central peak and probabilities for values decrease as they move away from the mean.
Standard Deviation
A statistical measure of the dispersion or variability in a dataset, indicating how spread out the numbers are from the mean.
Normal Model
A statistical model that describes how data points are distributed around the mean, assuming a symmetrical bell-shaped curve known as the normal distribution.
Scores Between
A reference to evaluating or comparing numerical values or results within a specified range.
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