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What is the difference between the short run and the long run?
Defective Candy Bars
Candy bars that do not meet the production quality standards due to flaws.
Sample Size
The total number of instances or replications incorporated in a statistical sampling.
Population Proportion
The fraction or percentage of the population that exhibits a specific attribute or characteristic.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, reflecting how the statistic varies from sample to sample.
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