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PARAMETER
1. constant or coefficient of a variable in an equation or a system of equations. For example, in a COSTVOLUME FORMULA of the form y = a + bx, the constant a and the slope b are parameters. The total fixed costs, e unit variable cost, and the unit selling price are examples of parameters.
2. numerical characteristic of a population computed using every element in the population. For example, the mean and the mode are parameters of a population.
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