Null Hypothesis Significance Testing Answers the Question ________, While an Effect

question 56

Multiple Choice

Null hypothesis significance testing answers the question ________, while an effect size analysis answers the question ________.

• A)how much of an effect did one factor have on another?; is the difference significant?
• B)is the difference significant?; how much of an effect did one factor have on another?
• C)can we reject Ho; is the sample large enough?
• D)have we made a Type I error?; have we made a Type II error?

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Definitions:

Consumer Spending

The total amount of money spent by households in an economy on goods and services.

Bureau Of Labor Statistics

A U.S. government agency responsible for collecting and analyzing labor economic data to support public and private decision making.

Housing

Housing encompasses the market for dwelling places, including their construction, purchase, rent, and sale.

CPI

The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.