Examlex
Poor countries are at a distinct disadvantage when it comes to economic production; they get outcompeted in everything since they do not have a comparative advantage in anything.
Variance
A metric that quantifies the spread of data points, by calculating the mean of squared variations from the central value.
Standard Deviation
A measure of how spread out the numbers in a data set are, indicating the variability around the mean.
Variance
A measure of dispersion showing how much the data points in a set differ from the mean, calculated as the average of the squared differences from the mean.
Final Average
The weighted mean of a student's academic performance across courses over a term or academic year.
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