The Sum of the Average of the Squared Deviations from the Arithmetic

question 49

True/False

The sum of the average of the squared deviations from the arithmetic mean,divided by the sample size minus one is called the sample variance.

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Economically Efficient

A situation in which resources are allocated in a way that maximizes the net benefit to society.

Marginal Private Benefit

Marginal Private Benefit is the additional benefit or satisfaction received by consumers or producers for consuming or producing one more unit of a good or service.

Marginal Private Cost

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