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Use the following information to answer the question. A dowsing rod is a "Y" or "L" shaped instrument that some believe can find ground water. Many dowsers today use a pair of simple L- shaped metal rods. One rod is held in each hand, with the short arm of the L held upright, and the long arm pointing forward. When something is found, the rods cross over one another making an "X" over the found object. Skeptics of dowsing conducted an experiment to see if dowsing rods could find ground water. Five identical 3 foot by 3 foot plots of land were sectioned off and a container of water was buried in one of the plots. Below is a summary of the experiment results and the output for the goodness- of- fit test.
-Of the following statements, which one is not true about the chi- square statistic and p- value? Choose (d) if all statements are true.
Commodity Bundle
A specific collection of goods or services that is considered as a single unit for analytical purposes in microeconomics.
Convex Preferences
A characteristic of consumers' preferences indicating that they prefer mixes or combinations of goods over extreme amounts of either one, depicted by a convex shape in utility analysis.
Indifferent
Having no particular interest or sympathy; being unconcerned or neutral towards a specific outcome or item.
Transitive Preferences
A principle in which if an individual prefers option A over B, and B over C, then they also prefer A over C.
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