Examlex
The t distribution allows the calculation of confidence intervals for means for small samples when the population variance is not known,regardless of the shape of the distribution in the population.
True Value
The accurate or genuine worth of an item or entity, reflecting its utility, market conditions, and inherent qualities.
Bidders
Individuals or entities that offer a price for goods, services, or assets in an auction or tender process, competing to make the purchase.
Bid-rigging
An illicit agreement between parties to fix the outcome of a bidding process to benefit at least one of the participants.
Cartels
Associations of independent businesses formed to regulate production, pricing, and marketing of goods to restrict competition.
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