An Economic Trend Is Characterized by Which of the Following

question 56

Multiple Choice

An economic trend is characterized by which of the following?

• A) The Federal Reserve announces that it will decrease the interest rate it charges banks
• B) Congress passes legislation that increases the tax rate on corporations
• C) A new computer chip is announced which will allow for miniaturization of many electronic devices
• D) The E.U. declares an increase in tariffs on all agricultural goods

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Definitions:

Population Mean

The average value of a characteristic in a population.

Confidence Interval

A spectrum of statistical indicators, sourced from a sample, predicted to involve the secret value of a population parameter.

Normal Distribution

A bell-shaped probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Confidence Interval

A selection of statistics, from analyzing samples, anticipated to house the covertly valued population parameter.