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Since There Is No Physical Product, Most Services Are Fairly

question 65

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Since there is no physical product, most services are fairly easy to trade internationally.


Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, indicating how spread out the data points are.

Margin Of Error

The range within which the true value lies in statistical sampling, with a certain level of confidence.

Confidence Intervals

A span of numbers that predicts the actual value of a population statistic within a certain confidence level.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, defining a range within which the true population parameter is expected to lie.

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