Statement I: the Industrial Revolution Made Possible Sustained Economic Growth

question 179

Multiple Choice

Statement I: The industrial revolution made possible sustained economic growth and rising living standards for the first time in history.
Statement II: The industrial revolution began at the end of the 19^th century.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Power of the Test

The probability that a statistical test will correctly reject a false null hypothesis, essentially the test's ability to detect an effect when there is one.

Null Hypothesis

A hypothesis used in statistical testing that assumes there is no significant difference or effect and that the observed outcomes are due to chance.