The Main Pressure Behind U

question 60

Multiple Choice

The main pressure behind U.S.firms resulting in facility closings,international outsourcing,and decreasing their labor costs is from

• A) intense domestic competition.
• B) obsolescence of plant and equipment in the U.S. manufacturing sector.
• C) global competition.
• D) the growth in information technology.

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Definitions:

Inferential Statistics

The field of statistics focused on drawing conclusions or making forecasts about a whole population from a subset of collected data.

Probability

An indicator of how probable an event is, represented numerically between 0 and 1.

Nonrandom Sampling

A sampling technique where the samples are gathered in a process that does not give all the individuals in the population equal chances of being selected.

Sampling Error

Sampling error is the discrepancy between a sample statistic and its corresponding population parameter, caused by selecting a sample rather than conducting a census.