What Is a Service? Describe the Importance of Services to the U.S.economy

question 22

Essay

What is a service? Describe the importance of services to the U.S.economy and what the demand for services is projected to be in the coming years.

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Definitions:

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.

Sample Size

Refers to the number of observations or elements selected from a population for the purpose of statistical analysis.

Population Standard Deviation

A measure of the dispersion of a set of data from its mean, calculated for the entire population.