If the CPI Basket of Goods Cost $200 in the Reference

question 204

Multiple Choice

If the CPI basket of goods cost $200 in the reference base period and $450 in a later year, the CPI in the later year equals

• A) 450.
• B) 225.
• C) 300.
• D) 250.

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Definitions:

Expected Frequencies

In statistical analysis, these refer to the counts predicted by a probability model or theoretical distribution, used in the comparison of observed data for goodness-of-fit tests.

Contingency Table

A table often used in statistics to show the frequency distribution of variables, helping in the analysis of the relationship between them.

Equality Of Variances

A statistical condition in which two or more groups have the same variance, often an assumption in certain tests of significance.

Test Statistic

A calculated value used in statistical hypothesis testing to determine whether to reject the null hypothesis.