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The production possibilities frontier will shift if there is a change in
Confidence Level
The degree of certainty, often expressed as a percentage, that a parameter lies within a specified range.
Sample Size
The number of observations or data points collected in a statistical study, which influences the precision and reliability of the study's outcome.
Confidence Intervals
An array of values, based on statistics from a sample, which is assumed to enclose the value of an unidentified population feature.
Population Mean
The average value of a characteristic in a population, calculated by summing all the data points and dividing by the number of data points.
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