Which of the Following Was a Significant Development for Businessmen

question 11

Multiple Choice

Which of the following was a significant development for businessmen of the High Middle Ages?

• A) Double-entry bookkeeping
• B) Commercial law
• C) Bills of exchange
• D) The development of banking and credit instruments
• E) All of these aided businessmen of the High Middle Ages

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Definitions:

Confidence Interval

A band of numerical estimates, from sample data, seen as likely to include the value of an invisible population characteristic.

Sampling Distribution

The probability distribution of a given statistic based on many random samples from a specific population.

Normal Distribution

A bell-shaped curve that describes the spread of a characteristic throughout a population; it is symmetric and depicts that data near the mean are more frequent in occurrence.

Null Hypothesis

The hypothesis that there is no significant difference or effect, often denoted H0, in statistical hypothesis testing.