Which Statistical Technique Should You Use to Answer the Question

question 63

Multiple Choice

Which statistical technique should you use to answer the question: "Is there a significant relationship between education level (a four-category ordinal variable) and whether or not consumers are aware that Firestone is a brand of tires?"

• A) Multiple regression analysis
• B) Pearson correlation coefficient
• C) Chi-square test
• D) Simple regression analysis
• E) None of the above.

---

Definitions:

Short-term Debt Securities

Financial instruments that represent borrowed funds which must be repaid within a short time frame, typically less than one year.

Money Markets

Financial markets for short-term borrowing and lending, dealing with assets that have high liquidity and short maturities.

Capital Market Instruments

Financial securities used in the capital markets to raise funds or investment, including stocks, bonds, debentures, and other vehicles.

Commercial Loan

A debt-based financial agreement between a business and a financial institution, used for funding major capital expenditures or operational costs.