A Statistical Inference Is Based on Which of the Following

question 24

Multiple Choice

A statistical inference is based on which of the following?

• A) The knowledge of the social worker.
• B) Probability.
• C) Computer technology.
• D) Advanced mathematics.

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Definitions:

Comparative Advantage

is an economic principle that describes how countries or individuals can gain by specializing in the production of goods they can produce more efficiently compared to others.

Tariffs

Taxes on imports or exports between sovereign states.

Quotas

Restrictions set by a government on the amount of a particular good that can be imported or produced within a certain timeframe.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.