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Even though the normal probability distribution deals with continuous variables, we can use it to approximate the binomial probability distribution whenever n 30 and also n(q)
30.
Technological Change
The innovation and improvement in technology, processes, or methods, leading to increased efficiency, productivity, and new product development, affecting various sectors of an economy.
Productivity Growth
The increase in the efficiency of production in an economy, often measured by the output per unit of input over time.
Disposable Income
After-tax income. Term applies to individuals and to the nation.
Welfare Rolls
A list or register of individuals who are receiving welfare benefits provided by a government.
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