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Explain the Meaning of Trade Agreement with an Example of an Existing

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Explain the meaning of trade agreement with an example of an existing trade agreement.


Definitions:

Population Proportion

The proportion or ratio of a group displaying a specific attribute or trait.

Standard Error

A statistical measure that quantifies the extent to which a sample statistic varies from the actual population parameter.

Population Parameter

A numerical characteristic or measure that describes an aspect of a population, such as its mean or variance.

Sampling Distribution

The distribution of probabilities for a certain statistic, obtained from a random sample.

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