In 1860,the Southern Slave Population Was Collectively Worth

question 30

Multiple Choice

In 1860,the southern slave population was collectively worth

• A)$400 million.
• B)$900 million.
• C)$1.3 billion.
• D)$2 billion.
• E)$3 billion.

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Definitions:

Two-tailed Hypothesis Test

A statistical test in which the critical area of a distribution is two-sided and tests whether a sample is greater than or less than a certain range of values.

Test Statistic

A calculated value from sample data used to decide whether to reject the null hypothesis in hypothesis testing.

P-value

The P-value is a statistical parameter that helps to determine the significance of the results from a hypothesis test, indicating the probability of observing the results if the null hypothesis is true.

P-value

A statistic that measures the probability of obtaining an observed result, or more extreme, under the assumption that the null hypothesis is true.