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In a study conducted by sociologists Huber and Form,most wealthy and middle-class Americans
Standard Deviation
A tool for assessing the scope of variation or dispersion among a series of figures.
Exponentially Distributed
Describes the time between events in a process in which events occur continuously and independently at a constant average rate.
Parameter λ
A symbol often used to denote a specific parameter in mathematical or statistical expressions, such as the rate parameter in an exponential distribution.
Variance
A measure of the dispersion or spread of a set of data points around their mean, indicating how much the data points differ from the mean.
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