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The labour market is in equilibrium whenever
Variance
A statistical measure that represents the dispersion or spread of a set of data points around their mean.
Laws of Expected Value
Theorems in probability theory that describe the behavior of the expected value of a random variable, including properties like linearity.
Probability Distribution
This function computes the likelihood of various potential outcomes of an experiment.
Standard Deviation
A metric quantifying the extent of difference or scatter among a group of figures.
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