Examlex
Which of the following goods would be most likely to see demand increase during a recession?
Possible Outcomes
The set of all possible results that can occur from a particular experiment or event.
Experiment
An experiment is a controlled study in which variables are manipulated to determine their effects on other variables.
Relative Frequency Approach
A method for estimating probabilities by dividing the number of observed occurrences of an event by the total number of observations.
Wireless Phone
A communication device that does not require a physical connection to a telephone network, often referring to mobile or cordless phones.
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