An Assumption of the Statistical Test for the Significance of R

question 13

Multiple Choice

An assumption of the statistical test for the significance of r is that.

• A)the variances of X and Y are equal
• B)the means of the X and Y populations are equal
• C)the X and Y scores are statistically independent
• D)both the X and Y scores are normally distributed in the population sampled

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Definitions:

Rent Controls

Government-imposed maximums on the rent that landlords can charge tenants.

Price Ceiling

A legally imposed maximum price on a good or service, usually set below the equilibrium price to keep the goods affordable for consumers.

Equilibrium Price

The cost at which the amount of a product or service being sought matches the amount available, resulting in a stable market.

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market to protect consumers from excessive prices.