Examlex
What is national income? What are its four components?
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how spread out the numbers are from the mean.
Mean
The arithmetic average of a set of values, calculated by adding all the values together and then dividing by the number of values.
Standard Deviations
An indicator of how much the values in a collection differ from each other.
Probability Density Functions
Mathematical functions that describe the likelihood of a continuous random variable taking on a particular value.
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