Refer to the Information Provided in Table 20 -Refer to Table 20

question 68

Multiple Choice

Refer to the information provided in Table 20.3 below to answer the question(s) that follow.
Table 20.3 $$\begin{array} { l c c } & \text { United States } & \text { Belgium } \\\hline \text { Raspberries } & \$ 9 & 9 \text { euros } \\\text { Chocolate } & \$ 12 & 27 \text { euros }\\\hline\end{array}$$
-Refer to Table 20.3. If the exchange rate is $1 = 3 euros, then

• A) the United States will import both raspberries and chocolate.
• B) Belgium will import both raspberries and chocolate.
• C) the United States will import chocolate and Belgium will import raspberries.
• D) the United States will import raspberries and Belgium will import chocolate.

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Definitions:

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean.

T-Distribution

A probability distribution used in statistics for estimating population parameters when the sample size is small and the population variance is unknown.

Confidence Intervals

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.

Population Variance

A measure of the spread of a population's values, calculated as the average squared deviation from the population mean.