Examlex
Suppose that 88% of the stocks listed on a particular exchange increased in value
yesterday. Let x be the number of stocks that increased in value yesterday in a random of
72 stocks listed on the exchange. Find the mean and standard deviation of x.
Unexpected Increase
An unforeseen rise in a particular variable or metric, which could pertain to costs, prices, demand, or any other economic factor.
Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded.
Equilibrium Quantity
The quantity of goods or services at which supply equals demand, leading to market stability.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.
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