Which of the Following Is Not Correct

question 21

Multiple Choice

Which of the following is not correct?

• A)An organized withdrawal of labor from a firm by a union is called a strike.
• B)The power of a union comes from its ability to strike if the union and the firm do not agree on the terms of employment.
• C)Economists who study the effects of unions typically find that union workers earn about 25 to 35 percent more than similar workers who do not belong to unions.
• D)Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

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Definitions:

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 population variance is unknown.

Confidence Interval

A range of values, derived from the sample data, that is believed, with a certain degree of probability, to contain the true population parameter.

Margin Of Error

An estimate of the amount by which an observed sample result may differ from the true value, providing a confidence interval for the estimation.

Statistic

A numerical characteristic or measure of a sample extracted from a larger population.