The Industrial Revolution Was Characterized by

question 14

Multiple Choice

The Industrial Revolution was characterized by

• A) significant declines in society's saving rates.
• B) rapid increases in the growth rate of population relative to output.
• C) falling standards of living for the majority of society.
• D) considerable increases in capital.
• E) a decline in technology.

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Definitions:

Wilcoxon Rank-sum Test

A non-parametric statistical test used to compare two independent samples to determine if they come from the same distribution.

Independent Samples

Two or more groups of samples that are not related or connected in any way in the context of an experiment or study.

Relative Frequency Distributions

A distribution where each value is expressed as a relative frequency or proportion of the total number of occurrences.

Normal Approximation

The process of using the normal distribution to approximate the distribution of a sample statistic.