Which of the Following Groups Was Formed for the Purpose

question 127

Multiple Choice

Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?

• A) United nations (UN)
• B) European Union (EU)
• C) Organization of Petroleum Exporting Countries (OPEC)
• D) North Atlantic Treaty Organization (NATO)

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Definitions:

Parameter

A numerical characteristic of a population, such as mean or standard deviation, that can be estimated by statistics calculated from a sample.

Statistic

A numerical measure that describes an aspect of a sample of data, such as its mean or variance.

Population

The entire pool from which a statistical sample is drawn and to which the researcher intends the results to apply.

Sample Standard Deviation

A statistic measuring the dispersion or variability of a set of sample data points around the mean.