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Refer to the Information Provided in Table 20 \quad \quad

question 279

Multiple Choice

Refer to the information provided in Table 20.1 below to answer the question(s) that follow.
Table 20.1 \quad \quad \quad \quad \quad Mexico\text {Mexico}\quad \quad \quad \quad \quad \quad \quad \quad \quad Guatemala \text {Guatemala}
OrangesBananasOrangesBananas bushel/acre bushel/acre  bushel/acre bushel/acre 200050016040402012080304080120206040160108002000100\begin{array}{rrrr} \text {Oranges}& \text {Bananas}& \text {Oranges}& \text {Bananas}\\ \text { bushel/acre}&\text { bushel/acre }&\text { bushel/acre}&\text { bushel/acre }\\\hline 200 & 0 & 50 & 0 \\160 & 40 & 40 & 20 \\120 & 80 & 30 & 40 \\80 & 120 & 20 & 60 \\40 & 160 & 10 & 80 \\0 & 200 & 0 & 100 \\\hline\end{array}

-Refer to Table 20.1. For both countries to benefit from trade, the terms of trade must be between ________ bushel(s) of oranges to bushel(s) of bananas.

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Definitions:

Contingency Tables

A type of table in a matrix format that displays the frequency distribution of the variables.

Qualitative Variables

Variables that express categorical, non-numeric information, such as gender, race, or type of living arrangement.

Test Statistic

A quantity derived from sample data that is used in a hypothesis test to make a decision about the null hypothesis.

Chi-Squared Table

A table that shows the critical values of the chi-square distribution, used to determine the significance of chi-square statistics.

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