If a 3 × 3 Contingency Table Is Presented, Then

question 43

Multiple Choice

If a 3 × 3 contingency table is presented, then you know that a study used variables each with categories.

• A)three; two
• B)two; three
• C)three; three
• D)nine; three

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Definitions:

Retail Trade

The selling of goods and services directly to consumers, typically in small quantities.

Marginal Labor Cost

The additional cost incurred by hiring one more unit of labor or the cost of producing one additional unit of output with an additional unit of labor.

Wage Rate

The standard amount of compensation individuals receive in exchange for their labor or services, typically expressed per hour, day, or piece rate.

Labor Demand

The total amount of workers that employers want and are willing to hire at a given wage rate in a certain period.