Which of the Following Is True About Panning for Gold

question 74

Multiple Choice

Which of the following is true about panning for gold in 1850s California?​

• A)It was very profitable for many.
• B)It was relatively easy.
• C)It required a significant amount of investment.
• D)The money made was spent quickly on consumer items which tended to be expesive.
• E)None of these are correct.

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Definitions:

Z Distribution

A statistical distribution that describes the distribution of standardized values; it's used in inference regarding mean of normally distributed populations when the standard deviation is known.

Standard Deviation

A statistic that measures the dispersion or variability of a set of data points in relation to their mean, indicating how spread out the data points are.

Mean

The average of a set of numbers, calculated by adding all the numbers in a set together and then dividing by the count of those numbers.

Standard Deviation

A calculation that determines the extent of variability or dispersion in a series of values.