Examlex
The adage 'Jack of all trades, master of none' helps explain why some firms experience economies of scale.
Independent
Describes variables in an experiment or study that are manipulated or categorized separately from any other variables.
Normally Distributed
Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
Mathematical Equation
A statement of equality between two expressions which holds true under certain conditions.
Independent Variable
A variable in an experiment or model that is manipulated to observe its effect on the dependent variable.
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