Examlex
The professor of a business statistics class wanted to find out the mean amount of time per week her students spent studying for the class.She divided the fifty students on her roster into ten groups starting from the first student on the roster.The first student was randomly selected from the first group.Then every tenth student was selected from the remaining students.This is an example of a cluster sample.
Total Value
The overall value of an asset, investment, or portfolio, taking into account all relevant financial factors.
Utility
An indicator of pleasure, contentment, or advantage gained by a person from the use of products and services.
Productivity
The efficiency at which goods or services are produced, often measured as the ratio of output to inputs in the production process.
Separating Equilibrium
A situation in game theory where different types of players choose different strategies, allowing them to be distinguished based on their actions.
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