Examlex
Economists object to monopolies on the grounds of efficiency.Why is this? Explain.
Mode
The value that appears most frequently in a dataset.
Sample Mean
The average value of a sample set of numbers, calculated by adding all the observations and dividing by the number of observations.
Observations
Data points or values recorded during an experiment or study.
Sample
A subset of individuals, items, or data from a larger population used to estimate characteristics of the whole population.
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