Examlex
Explain how the labor market and the production function determine potential GDP.
Female Customers
A specific segment of the market made up of women or those identifying as female who purchase goods or services.
Standard Deviation
Standard deviation is a measure of the dispersion or spread of a set of numbers, indicating how much individual numbers in a dataset deviate from the mean or average.
Random Variable
A statistical variable whose outcomes are numeric and result from unpredictable events.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.
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