Choose the Appropriate Test for the Following Situation: You Wish

question 39

Multiple Choice

Choose the appropriate test for the following situation: You wish to test whether an association exists between the type of vehicle a driver owns and the cost of speeding tickets.

• A)ANOVA
• B)Chi- square test
• C)One- sample t- test
• D)Two- sample t- test

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Definitions:

Florist

A professional or business that specializes in the arrangement and sale of flowers and floral displays.

Production Function

A mathematical relation between quantities of input and output in production, specifying the maximum output achievable from different combinations of input.

Total-Cost Curve

A graphical depiction showing the total cost of producing different levels of output, illustrating the relationship between production volume and total costs.

Production Possibilities Frontier

A graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology.