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The Distribution of the Values of a Sample Statistic Computed

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The distribution of the values of a sample statistic computed for each possible sample that could be drawn from the target population under a specified sampling plan is called the sampling distribution.


Definitions:

Behavioral Assumptions

The hypotheses or beliefs about how individuals make economic decisions, often based on their psychological characteristics.

Economic Models

Simplified representations of complex economic processes, used to predict or analyze economic behaviors and outcomes.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

National Debt

The net accumulation of federal budget deficits.

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