Cotton Became Important to the Prosperity of the North as Well

question 12

Multiple Choice

Cotton became important to the prosperity of the North as well as the South because

• A) about two-thirds of the southern cotton crop was sold to New England textile mills.
• B) northern merchants handled the shipping of southern cotton.
• C) cotton accounted for about half the value of all United States exports after 1840.
• D) northern farmers profited from selling their foodstuffs to feed southern slaves.
• E) northern investors controlled the cotton futures markets.

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Definitions:

Interval Variables

A type of quantitative variable that represents numeric data with meaningful intervals but without a true zero point.

Coefficient Of Determination

A measure used in statistical analysis that assesses how well a model explains and predicts future outcomes, often represented by R^2.

Coefficient Of Correlation

A measure that quantifies the degree of linear relationship between two variables, ranging from -1 to 1.

Interval Variables

Quantitative variables where the intervals between the values are equal and meaningful, allowing for comparisons and mathematical operations.