Examlex
Discuss the relative-wage explanation of unemployment.
Sample Proportion
The fraction of items in a sample that have a particular attribute, used as an estimate of the proportion in the full population.
Population Proportion
The ratio of members in a population who have a certain attribute to the total number of members in the population.
Equal Chance
The principle or condition ensuring that all outcomes or members of a group have the same probability of occurrence or selection.
Central Limit Theorem
A statistical theory that states that, given a sufficiently large sample size, the distribution of the sample mean will be approximately normally distributed, regardless of the distribution of the parent population.
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