Analysis of Business Input-Output Data by the Federal Government Allows

question 4

Multiple Choice

Analysis of business input-output data by the federal government allows the government to have a better understanding of the

• A)cash flows that exist among industries.
• B)raw materials and labor required to produce a given product.
• C)amount of reinvestment that different industries use.
• D)types of industries that purchase particular products.
• E)growth projections for a given industry.

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Definitions:

Normal Model

A statistical model that describes how data points are dispersed or distributed in a pattern that resembles a bell curve, implying a symmetrical dataset.

Unusually High

A term indicating that a value or quantity is significantly greater than what is typically expected or observed.

Annual Snowfall

The total amount of snowfall recorded in a specific location over the course of one year.

Normal Probability Plot

A graphical technique for assessing whether or not a data set is approximately normally distributed.