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In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country in 2008, the average worker needed to work 40 hours to produce 68 units of output. In that country, the productivity of the average worker
Probability Distributions
Mathematical functions that provide the probabilities of occurrence of different possible outcomes for an experiment.
Sample Space
Every conceivable outcome that a statistical trial might produce, gathered together.
Experiment
An experiment is a methodologically designed study that manipulates variables to determine their effect on an outcome, allowing for the testing of hypotheses and cause-and-effect relationships.
Outcome
The result or consequence of an action, experiment, or process, often used in statistical analyses to describe the possible results of a study or trial.
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