Examlex
Which of the following is a factor of production?
Population Proportion
The ratio of members in a subset of the population who have a particular attribute to the total number of members in the population.
Point Estimate
A solitary figure or metric that represents the most probable estimate or optimal prediction for a population parameter, derived from sample data.
Margin of Error
The maximum expected difference between the true population parameter and a sample estimate of that parameter.
Mean
The average of a set of numbers, calculated by adding all the values together and dividing by the number of values.
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