Explanation:
Cost of Living Index is a specialized CPI that reflects price changes for a consumption basket relevant to a particular demographic (e.g., industrial workers), used for wage adjustments and welfare analysis.
Explanation:
Under independence, E(AB) = (A)×(B)/N = 200×300/1000 = 60,000/1000 = 60. This is the product of marginal proportions times total population.
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