Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trad
e?
Select one:
a. Each country has an absolute advantage in one activity.
b. No country has an absolute advantage in all activities.
c. One country has a comparative advantage in all activities.
d. One country has an absolute advantage in all activities.
Select one:
a. Each country has an absolute advantage in one activity.
b. No country has an absolute advantage in all activities.
c. One country has a comparative advantage in all activities.
d. One country has an absolute advantage in all activities.
1 answer:
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Answer: Margin of Error = 1.944
Lower Bound = 3.052
Explanation:-
Attached below is a file for monthly Rate of return. Used an excel sheet to determine the confidence interval which seems relatively easier as compared to manual computation. The range below (A2:A40) shows the monthly
Functions used : Standard Deviation as= STDEV (A2:A40)
Sample Mean = AVERAGE(A2:A40)
Margin of Error = CONFIDENCE.T(D4,D5,D2)
Lower Bound Interval = D6-D7 = -3.052
