Examlex
Explain what is meant by a "tight monetary policy?"
Standard Deviations
A metric indicating the degree of spread or variability in a collection of numbers, highlighting the distance of individual values from the central mean.
Chebyshev's Theorem
A statistical theorem which states that for any real number greater than one, a certain proportion of values in any data set will be close to the mean, based on the number of standard deviations specified.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from their mean.
Midrange
The arithmetic average of the maximum and minimum values in a data set.
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