What Was the Significance of Eli Whitney to the Development

question 104

Short Answer

What was the significance of Eli Whitney to the development of the American economy during the first decades of the nineteenth century?

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Definitions:

Continuous Random Variables

Variables that can take on an infinite number of values within a given range. These values can represent measurements.

Probability Distributions

Mathematical functions defining the likelihood of different outcomes or values for a random variable.

Interval

A range of values or numbers that includes an upper and lower boundary.

Binomial

A probability distribution that describes the number of successes in a fixed number of independent trials, with only two possible outcomes for each trial.