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Discuss how the baby boom generation is impacting the dependency ratio and explain how government policy could determine whether the aging population increases or decreases government costs.
Normal
Refers to something conforming to a standard; typical or expected under specific conditions.
Bootstrap Methods
Statistical techniques that involve resampling with replacement from an observed data set to generate a sampling distribution and estimate properties of an estimator.
Small Sample
A small sample refers to a subset of data or observations that is considered insufficient in size to represent the whole population adequately for statistical analysis.
Traditional Methods
Conventional or long-established techniques or practices used in a particular field or profession.
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