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How Do Advances in Technology Impact Economic Development

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How do advances in technology impact economic development?


Definitions:

Reaction Time

Reaction time is the duration between the onset of a stimulus and the initiation of a response, often measured to assess sensory and cognitive processes.

Light Stimulus

A visual prompt used in experiments that involves the use of light to elicit a response from the study subject.

Margin Error

The amount of error allowed in the results of a statistical survey, reflecting the precision of the results.

Confidence Level

The probability or percentage that expresses how certain one can be about a confidence interval containing the true value of the parameter being studied.

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