Examlex
The bottlers of a new fruit juice daily select a random sample of 12 bottles of the drink to estimate the mean quantity of juice in the bottles filled that day.On one such day,the following results were observed: = 12.03;s = 0.12.Based on this information,the margin of error associated with a 90 percent confidence interval estimate for the population mean is 1.7959 ounces.
Homeless People
Homeless people are individuals who lack a fixed, regular, and adequate nighttime residence, including those living on the streets, shelters, or in unstable housing situations.
Efficient Economy
An economic system where resources are allocated optimally to meet the needs and wants of its participants, minimizing waste.
Consumer Demand
The desire of purchasers, consumers, or buyers for products or services which they are willing and able to buy.
Efficient Market
A market in which prices fully reflect available information and adjust quickly to new data.
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