Use the Following to Answer Questions

question 174

Multiple Choice

Use the following to answer questions .
Exhibit: Consumption and Disposable Personal Income
-(Exhibit: Consumption and Disposable Personal Income) If disposable personal income is $400 billion, what is the amount of personal saving?

• A) −$200 billion
• B) $0
• C) $200 billion
• D) $400 billion

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Definitions:

Fisher's Exact Test

A statistical significance test used for small sample sizes, analyzing the association between two categorical variables.

2 × 2 Table

A contingency table with two rows and two columns used to display the frequency distribution of variables' combinations.

Significance Level

The threshold below which a p-value is considered strong enough to reject the null hypothesis in statistical testing.

Degrees of Freedom

The number of independent values or quantities that can vary in the calculation of a statistic, often impacting its distribution.