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Externalities Are the Intended Negative (Or in Some Cases Positive)

question 5

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Externalities are the intended negative (or in some cases positive) consequences that two parties purposefully impose on an external third party.


Definitions:

Margin of error

An expression of the amount of random sampling error in a survey's results.

Population variance

A measure of the dispersion of all data points within a population, squared from the mean of the population.

Confidence interval

A gamut of numbers, produced from sample statistics, believed to enfold the covert value of a population parameter.

Sample standard deviation

A statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.

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