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9-48 The fact that the capital gain effect for rate decreases is greater than the capital loss effect for rate increases is caused by convexity in the yield-price relationship.
Average Starting Salary
The average starting salary is the mean salary offered to employees with no prior experience in a particular job or field at the beginning of their employment.
Standard Deviation
Standard deviation is a statistical measure of the amount of variability or dispersion around the mean of a set of data points.
Normally Distributed
Describes a dataset that follows a normal distribution curve, characterized by its bell shape and defined by its mean and standard deviation.
Standard Deviation
An index measuring the breadth of diversity or spread among data points.
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