A Chi-Squared Test Statistic in a Test of a Contingency

question 22

Multiple Choice

A chi-squared test statistic in a test of a contingency table that is equal to zero means:

• A)The two nominal variables are equal.
• B)The two nominal variables are independent.
• C)The two nominal variables have the same proportions listed in H₀.
• D)All of these choices.

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Definitions:

GDP

The Gross Domestic Product encompasses the entire monetary or market-based valuation of all finished outputs and services engendered within a country's boundaries over a fixed time period.

GDP Deflator

The GDP deflator is an economic metric that converts output measured at current prices into constant-dollar GDP, reflecting changes in the price level of all domestically produced goods and services in an economy.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, providing a more accurate reflection of an economy's size.

Per Capita GDP

The average economic output per person, calculated by dividing the country's Gross Domestic Product by its total population.