In 1973 the Organization of Petroleum Exporting Countries Stopped Exporting

question 20

Multiple Choice

In 1973 the Organization of Petroleum Exporting Countries stopped exporting their oil for a time. What effect do you suppose this embargo had on the nuclear power industry?

• A)There was little effect as most experts in the industry knew that the 1973 oil embargo was going to be short-lived.
• B)This embargo boosted the support for building of many new nuclear power plants.
• C)It lowered the price of electricity generated from nuclear power plants, which then held a greater share of the market.
• D)Any positive effect of this embargo could have had on the nuclear power industry was promptly negated by the Chernobyl disaster.

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Definitions:

Expected Number

A statistical estimate of the number of times an event is anticipated to occur within a specified period or under certain conditions.

Null Hypothesis

A hypothesis that states there is no statistical significance between the specified sets of observations, serving as a default position that there is no association.

Heart Attacks

Medical conditions, also known as myocardial infarctions, characterized by the death of heart muscle due to the loss of blood supply.

Expected Count

The forecasted number of times an event is anticipated to occur in a statistical experiment.