In Order to Determine Whether or Not the Means of Two

question 8

Multiple Choice

In order to determine whether or not the means of two populations are equal,

• A) a t test must be performed.
• B) an analysis of variance must be performed.
• C) either a t test or an analysis of variance can be performed.
• D) a chi-square test can be performed.

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Definitions:

Loan Period

is the duration over which a borrower is obligated to repay a loan, from the initiation of the loan to the final payment.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, usually on an annual basis.

Rationing Function

The process through which prices distribute scarce goods and services among individuals who demand them, effectively limiting the quantity that consumers can purchase.

Incentive Function

The aspect of economic policy or mechanism designed to motivate individuals or entities to act in a certain way by offering rewards.