What Did the GM Internal Memo Estimate the Cost of the Exploding

question 75

Multiple Choice

What did the GM internal memo estimate the cost of the exploding gas tanks would be to GM?

• A) $2.40 per car
• B) The memo did not do that analysis because it did not put a value on human life
• C) GM had learned from the Ford Pinto case and did not have such a memo
• D) $200,000 per car

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Definitions:

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean.

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of sample values, indicating how much the values differ from the mean of the sample.

Sampling Distribution

A statistical distribution that emerges from conducting numerous samples within a particular population base.

Sample Proportion

The ratio of members in a sample meeting a certain criterion to the total number of members in the sample, serving as an estimate of the population proportion.