According to Quantitative Estimates of the Burden of the Navigation

question 1

Multiple Choice

According to quantitative estimates of the burden of the Navigation Acts on the colonies, what can be said about the (net) effect of the Acts?

• A) The Navigation Acts placed a serious economic burden on the colonies, with estimates of this burden equaling roughly 40 percent of 1770s GNP.
• B) The Navigation Acts were the critical reason why colonists revolted against the British.
• C) After accounting for the protection provided by the British, there was very little economic burden to colonists from the Navigation Acts.
• D) Existing data do not allow for credible estimates of the economic burden of the Navigation Acts on the colonies.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values in a data set are.

Normal Distribution

A continuous probability distribution that is symmetrical around the mean, showing that data close to the mean are more frequent in occurrence than data far from the mean.

T Statistic

The t statistic is a value used in statistical analysis to determine the significance of the difference between two sample means, relative to the sample variability.

Preliminary Analysis

An initial examination of data to check for possible errors, understand basic trends and assumptions, and determine the most appropriate statistical tests.