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The Majority of Private Sector Union Contracts Do Not Contain

question 32

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The majority of private sector union contracts do not contain a cost-of-living adjustment (COLA)clause.


Definitions:

Population Standard Deviation

The square root of the variance of a set of values in a population, measuring how spread out the values are.

Sample Size

The number of individual samples or observations collected in a statistical study.

Interval Estimate

An assortment of values, from sample statistics, which is envisioned to contain the value of a mysterious population parameter.

Population Mean

The average value of all elements in a complete set of a population.

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