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What are the major market failures that imply a potential role for state intervention in financial markets?
Standard Error
The standard deviation of the sampling distribution of a statistic, commonly used as an estimate of the accuracy of a sample mean.
Sample Mean
The average of observations collected from a sample, used as an estimate of the population mean.
Observations
Data points or individual pieces of data collected through measurement, study, or research.
Random Sample
A group of people selected from a broader population, where every person has the same probability of being chosen.
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