One of the Key Determinants of Economic Growth Is Access

question 1

Multiple Choice

One of the key determinants of economic growth is access to capital. Using 54 variables to create an index of 1-7, with 7 been best possible access to capital, Milken Institue ranked the following as the top ten nations (although technically Hong Kong is not a nation) by the ability of their entrepreneurs to gain access to capital: Find the mean of the indices of the top ten nations. What is the standard deviation of these data?

• A) μ = 5.34; σ = 0.28
• B) μ = 3.25; σ = 0.28
• C) μ = 3.32; σ = 0.43
• D) μ = 5.94; σ = 0.27
• E) μ = 5.34; σ = 0.58

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Definitions:

Intensive Distribution

Intensive Distribution is a marketing strategy where a company aims to make its products available in as many outlets as possible, maximizing visibility and accessibility to consumers.

Sales Volume

The total quantity of products or services sold by a company in a specified period, used as an indicator of business performance.

Profit Margin

a financial metric used to assess a company's profitability by dividing net income by net sales.

Specialty Products

Goods or services that are perceived as unique or high-value by consumers, often associated with specific buying criteria and loyalty.