Which Statistical Technique Is Appropriate When We Wish to Analyze

question 100

Multiple Choice

Which statistical technique is appropriate when we wish to analyze the relationship between two qualitative variables with two or more categories?

• A)The chi-squared test of a multinomial experiment.
• B)The chi-squared test of a contingency table.
• C)The t-test of the difference between two means.
• D)The z-test of the difference between two proportions.

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Labor Productivity

The measure of economic output per unit of input, typically calculated as total output divided by the number of hours worked.

Rules Of The Game

The laws, customs, manners, conventions, and other institutional elements that determine transaction costs and thereby affect people’s incentive to undertake production and exchange.

Tax Laws

The legal standards and regulations governing the collection of taxes by the government from individuals and organizations.