If Apple Won an Order to Sell 500 New Minicomputers

question 108

Multiple Choice

If Apple won an order to sell 500 new minicomputers to Australia,but the Australian government stipulated that 20 percent of the component parts of the minicomputers it purchased must be produced in Australia,that stipulation would be an example of a(n) :

• A)voluntary export restraint.
• B)administrative policy.
• C)import quota.
• D)local content requirement.

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Definitions:

Confidence Interval

A range of values that is likely to contain a population parameter, estimated from a sample data with a given level of confidence.

Sample Size

The number of observations or units chosen from a population to participate in a study.

Confidence Interval

A sequence of values, stemming from sample analyses, presumed to contain the value of an undisclosed population parameter.

Confidence Level

The probability or percentage that expresses how certain one can be about the confidence interval containing the true parameter value.