Which of the Following Statements Is True About State Legislatures

question 1

Multiple Choice

Which of the following statements is true about state legislatures?

• A)They did not exist prior to the ratification of the U.S.Constitution.
• B)They generally had very little power in the 1770s.
• C)They no longer play a meaningful role in state politics.
• D)They existed well before the creation of the Continental Congress.
• E)They are appointed by the U.S.Congress.

Analyze data using the chi-square distribution and understand the significance of degrees of freedom in hypothesis testing.

Develop an understanding of statistical significance and how P-values are used to make inferences about populations.

Understand the chi-square test and its applications.

Identify when and how to set up a null hypothesis in statistical testing.

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Definitions:

Opportunity Costs

Sacrificing potential profits from other possibilities when a certain option is selected.

Equity Capital

Funds raised by a company in exchange for a share of ownership in the company, often through the sale of stock.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value over time.

Economic Profit

Economic profit is the surplus that remains when total revenue exceeds the total costs, including both explicit and implicit costs.