A Researcher Can Check Whether the Errors Are Normally Distributed

question 50

Multiple Choice

A researcher can check whether the errors are normally distributed by using

• A)a t-test or an F-test.
• B)the Durbin-Watson statistic.
• C)a frequency distribution or the value of the regression coefficient.
• D)a histogram or a Q-Q plot.

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Definitions:

Price and Incomes

Policies or measures aimed at controlling the growth of prices and incomes to curb inflation without affecting employment.

Equilibrium Exchange Rate

The exchange rate at which the demand for a currency exactly matches its supply, leading to market balance.

Foreign Exchange Markets

A global decentralized market for trading currencies, facilitating international trade and investment by enabling currency conversion.

Gold Standard

A financial regime in which the value of a nation's currency or banknotes is directly tied to the value of gold.