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Chapter 5 vocabulary

AB
index numbermeasures the value of a variable relative to its value at a base period
fixed market basket price indexindex number for the total cost of a fixed collection of goods and services
consumer price indexa fixed market basket price index for the colection of all the goods and services that consumers buy
Government statistical officeproduces data needed for government policy and decisions by businesses and individuals
density curveskind of graph used to describe the distributions of quantitative variables
Normal curvesspecial kind of density curve that describes the overall pattern of some sets of data.
68-95-99.7 rule68% of data will be within 1 standard deviation of the mean, 95% will be within 2, and 99.7% will be within 3 standard deviations from the mean
standard scoresexpress observations in standard deviation units about the mean
standard score of the mean0



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