Examlex
The average verbal SAT score for the entire class of entering freshmen is 530.However,if you select a sample of 20 freshmen and compute their average verbal SAT score you probably will not get exactly 530.What statistical concept is used to explain the natural difference that exists between a sample mean and the corresponding population mean?
Logrolling
The trading of votes by legislators to secure favorable outcomes on decisions concerning the provision of public goods and quasi-public goods.
Diminish
To decrease or make smaller in size, importance, or intensity.
Excludability
The characteristic displayed by those goods and services for which sellers are able to prevent nonbuyers from obtaining benefits.
Consuming
Consuming involves using up goods or services by purchasing, eating, or utilizing them to satisfy needs or wants.
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