What term should be used to describe the current economic system in the People's Republic of China?

A. Communist
B. Socialist market
C. Totalitarian
D. Free enterprise

Ans: B. Socialist market

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Explain how it can be misleading to report only the mean of a distribution without any

measure of the variability. What will be an ideal response?

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An example of a confidence interval is ________

A) A Wall Street Journal poll reports that 45% - 48% of farmers produce grains B) A New York Times survey states that more than 65% of American families own their own homes C) A Gallup poll reports that 56% ± 3% of voters support candidate A D) An editorial in Smart Money magazine states that the President is confident he will be re-elected

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