The USBureau of Labor Statistics Defines High Technology Industries in Terms

question 44

Multiple Choice

The U.S.Bureau of Labor Statistics defines high technology industries in terms of

• A)total sales based on high technology production.
• B)total assets in high technology equipment.
• C)total profits from goods and services produced with the application of high-technology production.
• D)the relative proportion of workers with college educations.
• E)the relative proportion of technology-oriented workers and/or the relative expenditures on research and development.

---

Definitions:

Directional

Pertains to hypotheses or tests that specify the expected direction of the relationship or difference between variables, as opposed to non-directional or two-tailed tests.

Non-directional

A hypothesis that does not specify a direction of difference or association between two variables.

Standard Error

A measure of the statistical accuracy of an estimate, indicating how much the sample mean is expected to vary from the true population mean.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the count of values, and used as a measure of central tendency.