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Rather Than Conduct Massive Stabilization Operations, Buffer Stock Officials Will

question 12

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Rather than conduct massive stabilization operations, buffer stock officials will periodically revise target prices should they move out of line with long-term price trends.


Definitions:

Z-value

A statistical metric indicating how many standard deviations away from the mean a specific data point lies.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon.

Standard Normal Probability Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, used in statistics to represent standardized values of a dataset.

Z-statistic

A statistical measure that represents the number of standard deviations a data point is from the mean of a data set.

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