Understandable Statistics: Concepts and Methods
Understandable Statistics: Concepts and Methods
12th Edition
ISBN: 9781337119917
Author: Charles Henry Brase, Corrinne Pellillo Brase
Publisher: Cengage Learning
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Chapter 11.1, Problem 4P

Debt: Developing Countries Borrowing money may be necessary for business expansion. However, too much borrowed money can also mean trouble. Are developing countries tending to borrow more? A random sample of 20 developing countries gave the following information regarding foreign debt per capita (in U.S. dollars, inflation adjusted) (Reference: Handbook of International Economic Statistics, U.S. Government Documents).

Chapter 11.1, Problem 4P, Debt: Developing Countries Borrowing money may be necessary for business expansion. However, too

Does this information indicate that foreign debt per capita is increasing in developing countries? Use a 1% level of significance.

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Understandable Statistics: Concepts and Methods

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