A Chi-Square Test of Homogeneity Is About

question 81

Multiple Choice

A chi-square test of homogeneity is about:

• A)testing the null hypothesis that two samples are homogeneous
• B)testing the null hypothesis that two proportions are homogeneous
• C)the independence of two characteristics presented in a contingency table
• D)testing the null hypothesis that the proportions of elements with certain characteristics in two or more different populations are the same

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Definitions:

Inelastic Supply

A supply condition where quantity supplied does not change significantly when there is a change in price.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, leading to a reduction in total surplus.

Excess Burden

A measure of the economic loss that can occur when market behavior is distorted, often due to inefficient taxation or government policies.

Economic Activity

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