Examlex
A boundary stripe 2 in. wide is painted around a rectangle whose dimensions are 100 ft by 240 ft. Use differentials to approximate the number of square feet of paint in the stripe.
Correlation Coefficient
A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot.
Covariance
A measure of how two variables move together, indicating the direction of their linear relationship.
Standard Deviation
A statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around the mean.
Utility Function
A mathematical representation of a consumer's preferences, used in economics to model choices made under uncertainty, to maximize satisfaction or utility.
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