Examlex
If the supply of a good increased, what would be the effect on the equilibrium price and quantity?
Expected Number
The average value or mean of a random variable; it is the long-run average outcome of a random event repeated many times.
False Negative
A false negative occurs when a test incorrectly indicates that a particular condition or attribute is absent.
False Positive
An error in data reporting in which a test result improperly indicates the presence of a condition (such as a disease) when it is not actually present.
Expected Value
The long-run average value of repetitions of the experiment it represents, often used in probability and statistics to predict outcomes of random events.
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