Mathematical Statisticians Have Established That If We Square the Value $\chi$

question 148

True/False

Mathematical statisticians have established that if we square the value of z,the test statistic for the test of one proportion p,we produce the $\chi$ ² statistic.That is,z² = $\chi$ ².

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Definitions:

Subsistence Income Level

The minimum level of income needed for an individual or family to afford basic necessities of life, such as food, shelter, and clothing.

Transfer of Income

Transfer of income involves reallocating earnings from one party to another, often through government policies such as subsidies or taxes.

Positive Economics

A branch of economics that seeks to describe and explain the behavior of the economy or economic phenomena without making judgments on whether the outcomes are good or bad.

Income Distribution

The way in which total income is shared among the population or different groups within the society.