Examlex
What are the assumptions that we make when we discuss a simple Ricardian model to support free trade?
Independent
In statistics, two events are considered independent if the occurrence of one does not affect the probability of the other.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values from the mean or average.
Independent
Free from external control or influence; not depending on another's authority or the occurrence of another variable in statistical contexts.
Standard Deviations
A metric that calculates the extent of spread or deviation of data points from their average value.
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