The Decline in the Government Share of Spending on R&D

question 24

True/False

The decline in the government share of spending on R&D is largely due to the rapid increase in industry R&D funding rather than a real decline in the absolute amount spent.

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Definitions:

Possible Outcomes

The set of all distinct outcomes that can result from a particular statistical experiment or random event.

Events

Occurrences or happenings, especially significant ones that can be statistically analyzed.

Possible Outcomes

Refers to all the potential results that can occur in any probabilistic or random event.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.