Chi-Square Is a Test of the Independence of the Relationship

question 6

True/False

Chi-square is a test of the independence of the relationship between nominal or categorical variables.

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Definitions:

Dollar

The basic monetary unit used in the United States and some other countries.

Economic Activities

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Revenues

Income earned by a company from its business activities, typically from the sale of goods and services to customers.

Sale Of Merchandise

This refers to the income generated from selling products that a business typically offers to its customers.