Examlex
________________ states that regardless of how property rights are assigned with an externality, the allocation of resources will be will be efficient when the parties can costlessly bargain with each other.
Population Mean
The average of a set of values or measurements taken from the entire population of interest.
Sample
A subset of a population selected for measurement, observation, or questioning, to provide statistical information about the whole.
Randomly Selected
A method of selection where each member of a population has an equal chance of being included in the sample, ensuring the sample's representativeness.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, which can provide insight into the properties of the population from which the sample was drawn.
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