When the Potosi Mines in Peru Opened in 1545

question 86

Multiple Choice

When the Potosi mines in Peru opened in 1545

• A) the price of silver plummeted for two decades.
• B) European migrants flooded into Peru to get jobs in the mines.
• C) the English fought and lost a war to capture the mines.
• D) the cost of precious metals imported into Europe quadrupled.
• E) none of the above.

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Definitions:

Standard Normal

A standard normal distribution characterized by a mean value of zero and a standard deviation measuring one.

Area

The measure of the extent of a two-dimensional figure or shape in a plane.

Normal Probability

Describes the likelihood of an event occurring under a normal distribution, characterized by a symmetrical, bell-shaped curve.

Poisson Distribution

A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, given a known constant rate of occurrence.