The Idea Underlying Adam Smith's "Invisible Hand" Is That People

question 162

True/False

The idea underlying Adam Smith's "invisible hand" is that people tend to behave in ways that go unnoticed in society.

---

Definitions:

Binomial Random Variable

A type of random variable that assumes only two possible outcomes, success or failure, in a series of independent trials with a constant probability of success.

Binomial Formula

A mathematical formula used to determine the probability of obtaining a fixed number of successes in a specific number of trials in a binomial experiment.

Standard Deviation

An indicator of the degree to which values in a dataset spread out or deviate from the average value of the collection.

Mean

The average of a set of numbers, obtained by dividing the sum of the numbers in the set by their quantity.