Which of the Following Is a Likely Result of the Deregulation

question 109

Multiple Choice

Which of the following is a likely result of the deregulation of the airline industry that might benefit consumers?​

• A)A wage increase for union pilots​
• B)A possible decline in airline safety
• C)One firm emerging as an unregulated monopoly
• D)Loss of service on unprofitable routes
• E)A decrease in air fares

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Definitions:

Variability

The extent to which data points differ from each other and from the mean of the data set.

Sampling Distribution

The distribution that indicates the probabilities of a given statistic, which is acquired from a random sample.

T-distribution

A probability distribution used in statistics that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.

Standard Normal Distribution

Normal distribution measured in standard deviation units with a mean equal to 0 and a standard deviation equal to 1.