Which Statement Is True About the "Petition of Committee in Behalf

question 121

Multiple Choice

Which statement is true about the "Petition of Committee in Behalf of the Freedmen to Andrew Johnson"?

• A) The petitioners demanded land on the grounds that that they had made the lands valuable through their labor.
• B) The petitioners argued that they had a right to the land because they were loyal to the Confederacy during the Civil War.
• C) The petitioners suggested that gaining the right to vote would make up for the land they lost when Johnson returned the Sherman land to the former owners.
• D) The petitioners argued that "land monopoly" would advance the course of freedom.
• E) President Johnson agreed to return the petitioners' lands and resume land reform.

Recognize scenarios where hypergeometric distribution is applicable through practical examples.

Understand and apply Poisson distribution and its properties.

Identify the conditions under which Poisson distribution provides a good approximation to binomial probabilities.

Compute probabilities and statistical measures (mean, variance, standard deviation) of Poisson distribution given specific parameters.

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Definitions:

Pure Competition

Also known as perfect competition, it is a market structure characterized by a large number of buyers and sellers, homogenous products, and free entry and exit from the market.

Monopolistic Competition

A market structure featuring many firms selling similar but not identical products, allowing for some degree of market power and price differentiation among competitors.

Monopolistically Competitive

An economic scenario in which numerous companies offer products that are alike but not exactly the same, facilitating rivalry through distinctions in their products.

Excess Capacity

A situation in which a firm or industry has more resources available, particularly production capabilities, than is being utilized due to insufficient demand.