Examlex
Monopolistic competition is caused by customer preferences, not business manipulation of markets.
Confidence Interval
A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.
Population Parameter
A value that accurately represents a particular characteristic of an entire population.
Confidence Level
The probability that a confidence interval will capture an unknown population parameter in repeated samples.
External Specifications
Detailed descriptions provided by manufacturers or designers that outline the external characteristics or requirements of a product.
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