Examlex
If a 1 percent change in price causes a 1 percent change in quantity demanded, then demand is unit elastic.
Degrees of Freedom
The number of independent pieces of information available to estimate another parameter.
Expected Frequencies
The anticipated count of occurrences across different categories based on probability distributions in statistics.
Chi-Square Value
A statistical measure used in tests of independence and goodness of fit, indicating how expectations compare to actual observed data.
Degrees of Freedom
Degrees of freedom refer to the number of independent values or quantities that can vary in an analysis without breaking any constraints.
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