Examlex
The inflation rate is equal to the rate of change of the price level.
Descriptive Measure
Statistical calculations that describe the main features of a collection of data in quantitative terms.
Sample
A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.
Statistic
A numerical measurement describing some characteristic of a sample, used to estimate the value of a population parameter.
Standard Deviation
It quantifies the dispersion of a dataset by calculating the average distance of each data point from the mean.
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