The Fed Was Created

question 8

Multiple Choice

The Fed was created

• A)after financial panics in the late 1800s and early 1900s.
• B)after the stock market crash of 1929.
• C)to help finance government expenditures during World War II.
• D)to help channel funds to the residential mortgage market.

---

Definitions:

Wilcoxon Rank Sum Test

A nonparametric statistical test used to compare two independent samples to ascertain if they come from the same distribution.

Shift In Distribution

A change in the overall characteristics of a data set's distribution, such as its mean, variance, or shape, that deviates from a previously observed or expected pattern.

Rejection Region

In hypothesis testing, the range of values for which the null hypothesis is rejected, indicating that the observed data is highly unlikely under the null hypothesis.

Wilcoxon Rank Sum Test

A nonparametric test that compares two independent groups to assess if their populations have the same distribution.