Which of the Following Industrial Changes Allowed the Smallest Start-Up

question 24

Multiple Choice

Which of the following industrial changes allowed the smallest start-up manufacturers to compete with great industrial capitalists?

• A)A positive trade balance at the turn of the 20th century.
• B)The completion of the national railroad network.
• C)The development of the moving assembly line as a division of labor in manufacturing.
• D)The transition from private electric generators to centralized utility based power production.

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Definitions:

µ

The symbol µ (mu) commonly represents the population mean in statistics, which is the average value of a set of characteristics in a population.

μ

The symbol representing the mean (average) of a population in statistics.

T-Statistic

Re-defined: A value calculated from sample data during a t-test, used to assess the significance of the difference between two sample means.

α

Represents the level of significance in hypothesis testing, typically set at 0.05 or 5%.