Examlex
If the prices of substitute goods decrease,the demand curve will shift to the _____ and the price will _____.
Sampling Distributions
The probability distribution of a statistic obtained from multiple random samples of a population.
Normally Distributed
Refers to a bell-shaped distribution that is symmetrical about its mean, often used as a model in statistics for real-valued random variables.
Standard Deviation
An indicator used to determine the extent of fluctuation or scatter among data points in a collection.
Central Limit Theorem
A statistical theory that states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population.
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