Examlex
The Central Limit Theorem says that a histogram of the sample means will have a bell shape, even if the population is skewed and the sample is small.
Wages
Wages are the payments made to labor for their services, typically calculated on an hourly, daily, or piecework basis, and are a primary form of income for employees.
Rules of Thumb
General principles that provide practical instructions or guidelines, typically based on experience rather than theory.
Complex Decisions
Decisions that involve multiple factors, variables, or outcomes, often requiring significant judgement and analysis to resolve.
Market System
Refers to the network of buyers, sellers, and other actors that come together to trade in a given product or service.
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