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Theory of Estimation •Statistical estimation is the procedure of using a sample statistic to estimate a population parameter. • A S... -
Axioms of Rational Choice •Completeness –if A and B are any two situations, an individual can always specify exactly one of these po...
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Definitions Permutation In permutation, the order of th objects or outcomes is important. Each different order represents a differen... -
Hypothesis testing is based on hypothesis; •“Hypothesis” is an assumption about an unknown population parameter; •Hypothesis testing ... -
An indifference curve shows a set of consumption bundles among which the individual is indifferent Marginal Rate of Substitu... -
Atomic Number It is defined as the number of unit positive charges on the nucleus (nuclear charge) of the atom of that element. It ... -
The word economy comes from a Greek word for “one who manages a household. A household and an economy face many decisions: ô€‚ƒWho will wo... -
In these notes we will see how a monopolist decides how much quantity to produce. Monopoly firm is a firm which is a sole seller of the com... -
Economics trains you to. . . . 􀂃Think in terms of alternatives. 􀂃Evaluate the cost of individual and social choices. 􀂃Examine and und... -
these notes are introduction to measures of moments, skewness and kurtosis. these notes are help full for students studying subjects like s...
