Examlex
In a table showing credit score ranges of customers by county and income group, two cells for a particular county were shown as missing, even though the raw data were available for these cells. The measurement unit of the table was count of customers of a particular retail outlet. What could be the reason for not showing counts for the two cells?
Adverse Selection
A situation in which asymmetric information results in high-quality goods or high-quality consumers being squeezed out of transactions because they cannot demonstrate the quality of the product they are offering for sale.
Fair Bet
A wager in which the expected value to both parties involved is equal; no side has an advantage.
Standard 52-card Deck
A common set of playing cards used for a variety of games, consisting of four suits with thirteen ranks each.
Decreasing Slope
A downward trend on a graph indicating that one variable decreases as another variable increases.
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