The table below shows the number of goals scored by the Huntington Soccer Club in their league for the past 12 years.Calculate the standard error of the mean of the data given that the variance of the data is 50.45
Definitions:
Perfectly Inelastic
A situation where quantity demanded or supplied does not change in response to any price change.
Industry Supply
The total quantity of a product or service that all firms in a particular market or industry are willing and able to sell at various price levels.
Increase in Demand
A situation where more consumers are willing and able to purchase a good or service at each possible price, leading to a shift in the demand curve to the right.
Government Raise
An increase in government revenue, often achieved through raising taxes or adjusting fiscal policies, to support government spending.
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