In the Late Twentieth Century Business Restructuring

question 129

Multiple Choice

In the late twentieth century business restructuring

• A)involved huge mergers that concentrated corporate power.
• B)saw the revival and growth of small, independent businesses.
• C)meant remarkable growth in the number of U.S. manufacturing jobs.
• D)required increased government regulation.
• E)meant higher wages for all Americans.

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Definitions:

Ordinal Data

Refers to a type of data in statistics that represents categories with a meaningful order, but the differences between the categories cannot be quantified.

Interval Data

A type of numerical data in which the intervals between each value are equally split, but there is no true zero point.

Spearman's Rank-Correlation

A nonparametric measure of rank correlation that assesses the strength and direction of association between two ranked variables.

Correlation Coefficient

A measure that determines the degree to which two variables' movements are associated, ranging from -1 to 1.