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If production involves constant opportunity cost, the production possibilities curve
Inferential Statistics
The branch of statistics that allows one to make predictions or inferences about a population based on a sample of data taken from that population.
Normal Distribution
A statistical distribution where data is symmetrically distributed around the mean, forming a bell-shaped curve.
Random Sampling
Sampling in which every member of a population has an equal chance to be selected and in which selection is determined by “luck of the draw” rather than a decision by the researcher.
Degrees
Units of measurement for angles in a circle or for temperature; in the context of education, it refers to academic qualifications.
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