Examlex
Suppose the proportion of women who favor stricter gun control legislation is and the proportion of men who favor stricter gun control legislation is . The survey found a confidence interval for is . Give an interpretation of this confidence interval.
Edgeworth Box
A diagram used in microeconomics to show how different allocations of goods can lead to efficiency or inefficiency within a market.
Utility Function
A formula that quantifies the happiness or satisfaction received from consuming certain amounts and combinations of goods and services.
Endowed
Furnished or provided with a particular quality, ability, or asset.
Contract Curve
In an Edgeworth Box diagram, the locus of points representing the set of mutually beneficial allocations between two parties.
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