Examlex
The CPI (using a 2000 base year) for 1965 is 26.0. Suppose a household's annual take-home pay in 1965 was $8,320. What would be an equivalent take-home pay in 2000?
Probability Estimate
A numerical measure indicating the likelihood of a specific event happening.
Standard Deviation
An assessment of the range of variation or the breadth of dispersion of data points.
Homeowners
Individuals or entities who own and usually reside in a dwelling such as a house or apartment.
Normal Distribution
A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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