Use the Information Below to Answer the Following Questions

question 67

Multiple Choice

Use the information below to answer the following questions.
Fact 2.3.2
Agnes can produce either 1 unit of X or 1 unit of Y in an hour,while Brenda can produce either 2 units of X or 4 units of Y in an hour.
-Complete the following sentence.Given Fact 2.3.2,

• A)there will be gains from trade,no matter what Brenda and Agnes specialize in,as long as they specialize.
• B)there will be gains from trade only if Agnes specializes in the production of Y and Brenda in X.
• C)there will be gains from trade only if Agnes becomes faster at producing X.
• D)there will be no gains from trade because Agnes has an absolute advantage.
• E)there will be gains from trade if Agnes specializes in the production of X and Brenda in Y.

Grasp the historical context and contributions to the field of statistics, particularly the role of the t-distribution.

Understand the principles and conditions necessary for conducting inferential statistical tests.

Calculate and interpret confidence intervals for means and proportions.

Understand the assumptions underlying different statistical tests and when they are met.

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Definitions:

Conduct Business

The act of engaging in activities that involve the sale or purchase of goods and services with the aim of earning profits.

Pocahontas

A Native American woman notable for her association with the colonial settlement at Jamestown, Virginia, and her role in fostering peace between English colonists and Native Americans.

John Smith

John Smith was an English soldier, explorer, and author, best known for his role in establishing the first permanent English settlement in North America at Jamestown, Virginia, and his interactions with the Native American population.