Examlex
What perspective emphasizes micro-level interactions?
Average Wage
The mean salary or earnings of a group of workers, calculated by dividing the total wages of the group by the number of workers.
Exponential Distribution
A probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.
Normal Distribution
A bell-shaped 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.
T Distribution
A probability distribution that is used in statistics to estimate population parameters when the sample size is small and the population variance is unknown.
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