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The Gravity Model Predicts That China and India Will Trade

question 11

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The gravity model predicts that China and India will trade with


Definitions:

Mean

The arithmetic average of a set of values, calculated as the sum of all values divided by the total number of values.

Deviation

The amount by which a single measurement differs from a fixed value such as the mean or expected value.

Normal Curve

A symmetrical, bell-shaped curve representing the distribution of values, scores, or measurements where most occurrences take place near the average.

Scores

Quantitative values assigned or obtained to represent certain characteristics or outcomes in data.

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