Summarize How the Party System Changed Following the Election of 1896

question 15

Essay

Summarize how the party system changed following the election of 1896. Be sure to include the reasons for and consequences of these changes.

Understand the chi-square test of independence and its requirements.

Comprehend the concept of expected versus observed values in chi-square tests.

Recognize when nonparametric statistics are preferred over parametric statistics in research.

Distinguish among various nonparametric tests and their appropriate applications.

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Definitions:

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and repaid at maturity.

Annual Rate

A percentage representing the interest or growth a sum of money would earn over the course of a year.

Discounted

Reduced in price or value, often to encourage purchase or reflect the present value of future cash flows.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan or investment based on the original principal amount and not on accumulated interest.