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An effective minimum wage law will increase the quantity of labor demanded.
Confidence Interval
A spectrum of numbers, obtained from sampled evidence, which is expected to encompass the magnitude of an undetermined population statistic.
Standard Deviation
A measure that quantifies the spread of a dataset around its mean, determined by taking the square root of the variance.
Confidence Interval
A bracket of numbers, taken from the study of a sample, poised to contain the value of a not-identified population parameter.
Standard Deviation
A statistical measure that represents the dispersion or variability of a set of data points around their mean.
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