The First Modern Federal Regulatory Agency Was Created in 1887

question 101

Multiple Choice

The first modern federal regulatory agency was created in 1887 to regulate:

• A) taxes
• B) food and drugs
• C) railroads
• D) communications
• E) courts

---

Definitions:

Robust Estimator

A statistical method or measure that is not unduly affected by outliers or deviations from assumptions in the underlying data distribution.

Nonnormality

The deviation from the normal distribution in a set of data, where the data does not follow a bell-curve shape.

Mound-Shaped

A description of a symmetrical, bell-shaped distribution often associated with the normal distribution.

P-Value

Represents the probability of observing test results at least as extreme as the ones observed, under the assumption that the null hypothesis is true.