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Consider two points on the PPF: point A,at which there are 50 apples and 40 pears,and point B,at which there are 46 apples and 41 pears.If the economy is currently at point A,the opportunity cost of moving to point B is
Skewed Distributions
Describes asymmetrical distribution of values in a dataset, where the majority of data points are located on one side of the mean, leading to a tail in the opposite side.
Categorical Variables
Variables that represent types or categories, which are not numerical and express qualitative attributes.
Median
The middle value in a data set when the values are arranged in ascending or descending order, providing a measure of central tendency.
Measure Of Central Tendency
A measure of central tendency is a single value that attempts to describe a set of data by identifying the central position within that set, such as the mean, median, or mode.
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