If the Requirements for Use of Chi-Square Cannot Be Met

question 12

Multiple Choice

If the requirements for use of chi-square cannot be met, what statistical test can be substituted for it?

• A) the median test
• B) McNemar's test
• C) Fisher's exact
• D) Cramer's V

---

Definitions:

Revenue Maximizing Price

The price point at which a company can generate the maximum amount of revenue from selling its product or service, considering the demand and cost factors.

Football Tickets

Football tickets are passes that allow entry to watch a football game, often sold by teams or authorized vendors.

Demand

The amount of a product or service that buyers are prepared and capable of buying at different price levels.

Gasoline Demanded

The quantity of gasoline consumers are willing and able to purchase at a given price within a specified period.