The Statistical Principle That Dictates That Extreme Performances Are Subsequently

question 14

Short Answer

The statistical principle that dictates that extreme performances are subsequently likely to move closer to the group's average performance is known as ________________.

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Definitions:

Externalities

Fiscal aftereffects that influence neutral individuals, having either favorable or adverse effects.

Cost

An amount that must be paid or spent to buy or obtain something, covering expenses such as manufacturing, labor, or materials.

Benefit

The advantage or profit gained from something, often used in the context of weighing costs against benefits in decision-making processes.

Freely Functioning Market

A market where goods and services are traded without any restrictions or interventions from governments.