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Some Experts Believe That Globalization Can Improve the Standard of Living

question 2

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Some experts believe that globalization can improve the standard of living in third-world nations by providing jobs and training .


Definitions:

Population Proportion

The fraction of the population that holds a particular trait, attribute, or characteristic of interest.

Standard Error

An estimate of the standard deviation of the sampling distribution of a statistic, often used to assess the precision of sample estimates of population parameters.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, showing how the statistic varies from sample to sample.

Populations

Populations in statistical analysis refer to entire groups of individuals, events, or items which share at least one common characteristic.

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