Which of the Following Would Cause the Price of Automobiles

question 54

Multiple Choice

Which of the following would cause the price of automobiles to rise?

• A) a decrease in the wages of autoworkers
• B) a reduction in the price of bus travel
• C) an increase in the price of gasoline
• D) an increase in consumer income

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Definitions:

Confidence Interval

A spectrum of values calculated from sample data, anticipated to surround the value of an unexpressed population parameter.

Population Means

The average value of a characteristic in a population.

90% Confidence

A statistical term indicating that there is a 90 percent chance that the true parameter is within the calculated confidence interval.

Standard Deviation

An statistical measure that quantifies the dispersion or spread of a set of data points around their mean value.