Which Event in Business Regulatory History Permitted Government Intervention in Industry

question 36

Multiple Choice

Which event in business regulatory history permitted government intervention in industry affairs?

• A) The case of Munn v Illinois (1877)
• B) The Sherman Act of 1890
• C) The case of Nebbia v New York (1934)
• D) The creation of the Interstate Commerce Commission via the ?Interstate Commerce Act of 1887

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Definitions:

Standard Error

A statistical measure that describes the accuracy with which a sample represents a population, specifically the variability of the sampling distribution.

Sample Mean

The average of a set of numerical values taken from a subset (sample) of a larger population.

Probability

A measure of the likelihood of a particular event's occurrence, ranging from 0 (impossible) to 1 (certain).

P < 0.05

Indicates that the probability of the observed data, or more extreme, occurring by chance is less than 5%, commonly used to determine statistical significance in hypothesis testing.