The Distribution of Income

question 128

Multiple Choice

The distribution of income

• A)is about the same in most countries
• B)tends to be more equal in developing countries than in developed countries
• C)is more concentrated in the United States than in Canada or Japan
• D)is more even in developing countries than in the Russia
• E)is not related to a country's level of development

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Definitions:

Statistical Tests

Procedures used in inferential statistics to determine the probability of a hypothesis being true based on sample data.

Degrees of Freedom

The amount of distinct quantities or measures which are assignable to a statistical distribution without contravening existing constraints.

Test Statistic

A numerical value derived from an experiment's data, utilized in hypothesis testing to decide if the null hypothesis should be dismissed.

T Value

A ratio that is derived from the standardized difference between two sample means in a t-test, used to determine the statistical significance of the difference.