Who Said the Following Quote: "There Is One and Only

question 126

Multiple Choice

Who said the following quote: "There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud"?

• A)Federal Reserve Chairman Ben Bernanke
• B)Nobel Laureate Paul Krugman
• C)President Barack Obama
• D)Nobel Laureate Milton Friedman
• E)President Ronald Reagan

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Definitions:

Level of Confidence

The degree to which one can be sure that a particular parameter falls within a specific range, expressed as a percentage.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the true value of an unknown population parameter.

Inferential Statistics

The branch of statistics that makes predictions or inferences about a population based on a sample of data.