In the Late Nineteenth Century,technological Improvements and Cheaper Transportation in the United

question 45

Multiple Choice

In the late nineteenth century,technological improvements and cheaper transportation in the United States led to _____

• A)a decrease in the minimum efficient scale in many industries.
• B)an increase in the minimum efficient scale in many industries.
• C)an overall reduction in productive efficiency.
• D)narrowing of markets.
• E)price increases in many industries.

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Definitions:

F-Distribution

Used in analysis of variance (ANOVA), describing the ratio of two variances drawn from normally distributed populations.

Degrees of Freedom

The quantity of variable values available in the concluding computation of a statistic.

Variability

A measure of the dispersion or spread of data points in a dataset, showing how much the data points differ from each other.

Sample Standard Deviations

A measure that quantifies the amount of variation or dispersion of a set of sample data values from the mean.