From 1840 to 1860, the Price of a "Prime Field

question 47

Multiple Choice

From 1840 to 1860, the price of a "prime field hand"

• A) rose about 80 percent, which made it harder for southern whites to enter the slaveholding class.
• B) rose less than 10 percent, which kept the size of the planter class about the same.
• C) declined about 15 percent as the supply of slaves in the internal slave trade increased.
• D) became so inexpensive that the slaveholding class grew to include nearly two-thirds of southern whites.
• E) declined because labor-intensive agricultural work became less popular in the South.

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Definitions:

P-values

The probability of obtaining an effect at least as extreme as the one in your sample data, assuming the null hypothesis is true, used in hypothesis testing.

Bootstrap Standard Error

An estimation technique for assessing the variability of a statistic by resampling with replacement from an original dataset.

Resamples

The practice of drawing repeated samples from a given dataset, often with replacement, to estimate the precision of sample statistics.

Permutation Test

A non-parametric statistical test that assesses the significance of a difference between groups by computing all possible outcomes under rearrangements of labels.