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Use the figure below to answer the following question(s) .
Figure 10-2
-At which point in Figure 10-2 is the economy experiencing an economic recession?
Standard Deviation
A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values tend to be close to the mean.
Standard Error
A measure that quantifies the variation or dispersion of a sample mean from the population mean.
Population Proportion
The fraction or percentage of a population that possesses a certain property or characteristic.
Control Chart
A statistical tool used in quality control processes to monitor, control, and ascertain the stability of a process.
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