Which Statistical Test Is Sometimes Used to Determine If a Research

question 7

Multiple Choice

Which statistical test is sometimes used to determine if a research sample is sufficiently representative in relation to some potentially confounding variable?

• A) simple ANOVA.
• B) two sample independent t
• C) one sample t
• D) all of the above

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Definitions:

Fixed Exchange-rate System

A currency system where the value of a country's currency is pegged to the value of another currency, a basket of other currencies, or another measure of value such as gold.

Demand for Dollars

Refers to the global desire or need for U.S. currency, driven by its use in international trade, investment, and as a reserve currency.

Balance of Payments Surplus

A situation where the total of the payments received from abroad exceeds the total of the payments made to abroad.