Examlex
Which of the following observations was made famous by Adam Smith in his book The Wealth of Nations?
Probability Distribution
A mathematical description of a random phenomenon in terms of the probabilities of events.
Finite Population Correction
A factor applied in sampling to adjust estimates when the sample is a significant portion of the population, improving accuracy.
Standard Error
A statistical measure that quantifies the variability or dispersion of a sample mean around the population mean.
Population Size
The total number of individuals or items in the group that is being studied in a statistical analysis.
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