How Do You Find the Probabilities Needed to Obtain Expected

question 173

Multiple Choice

How do you find the probabilities needed to obtain expected frequencies for a test of a contingency table?

• A)If there are r rows and c columns,let each probability be 1/rc.
• B)Use the probabilities specified in the null hypothesis.
• C)Assume H₀ is true and use your data to calculate them.
• D)None of these choices.

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Definitions:

Utility

A measure of satisfaction or happiness that consumers derive from the consumption of goods and services.

Perfect Substitutes

Two goods that could be used in place of each other with no loss of utility to the consumer.

Perfect Complements

Goods that are always used together in fixed proportions, where the consumption of one good requires the consumption of a specific quantity of another good.

Indifference Curves

Graphs representing combinations of goods among which a consumer is indifferent, showing trade-offs in consumption preferences.