When a Statistical Average Is Reported in the News, It

question 146

Multiple Choice

When a statistical average is reported in the news, it is most important for readers to

• A) determine whether it is statistically significant.
• B) consider whether it is distorted by a few extreme cases.
• C) be sure that it describes an experimental group.
• D) recognize the potential for a correlation coefficient.

Understand the implications of correlating numerical rankings to infer relationships between variables.

Comprehend the difference between parametric and nonparametric statistical tests concerning underlying data assumptions.

Learn the methodology of applying the Friedman test for comparison across multiple groups in matched or paired samples.

Grasp the criteria for choosing appropriate statistical tests based on the type and distribution of the data.

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Definitions:

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A method of payment involving a paper document that orders a bank to pay a specific amount of money from a person's account to another individual or entity.

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A system of keeping accurate and complete financial records that comply with legal and regulatory standards.