Question 14.212

13. Trade Balance. Table 20 contains the trade balance (in millions of dollars) that the United States has with a random sample of 12 European countries and a random sample of 11 Asian countries. Positive numbers indicate that our exports to that country exceed in value our imports from that country. Negative numbers indicate that exports are less than imports. Test whether the population median trade balance with European countries differs from the population median trade balance with Asian countries, using level of significance .

Table 14.119: Table 20 U.S. trade balances
European
country
Trade
balance
($ millions)
Asian
country
Trade
balance
($ millions)
Austria −7,497 Bangladesh −2,976
Belgium 10,009 China −256,207
Czech Republic −1,168 Japan −82,760
Germany −44,513 South Korea −12,918
Greece 918 Israel −7,775
Ireland −21,436 Malaysia −20,948
United Kingdom −6,629 Nepal −61
Netherlands 14,560 Thailand −14,300
Norway −4,256 Taiwan −11,968
France −14,140 Saudi Arabia −25,230
Luxembourg 475 Cambodia −2,325
Finland −2,133