Suppose the Average Income of a Citizen of Poland Is

question 58

Multiple Choice

Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania.You might conclude that

• A)Polish firms are faced with stricter government regulations than Romanian firms.
• B)total income is divided among fewer workers in Poland since it has a smaller labor force than Romania.
• C)Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops.
• D)productivity in Poland is higher than in Romania.

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Definitions:

Standard Deviation

A quantification of how much the numbers in a collection diverge from their average, reflecting the spread of data.

Sample Observations

Individual data points collected from a subset of a larger population for the purpose of statistical analysis.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Sample Mean

The average of a set of numerical values taken from a sample of a population.