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Describe the measures of dispersion and explain why standard deviation is used most often.
Aggregating
The process of combining multiple pieces of data or information into a single comprehensive whole.
Incentives
Refers to stimuli that motivate individuals or entities to perform certain actions or behaviors.
Majority Rule Voting
A voting system in which each member has one vote, and decisions are made by a majority of the votes cast, typically more than half.
Rent-Seeking
The practice of gaining economic benefits through manipulation or exploitation of the political environment rather than through traditional economic competition.
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