Which of the Following Are the Degrees of Freedom Used $\begin{array}{|l|l|}\hline \text { A. } & 8 \\\hline \text { B. } & 5 \\\hline \text { C. } & 4 \\\hline \text { D. } & 3 \\\hline\end{array}$

question 83

Short Answer

Which of the following are the degrees of freedom used in a Chi-squared test of independence between gender and mode of transport to university, if the mode of transport choices are public transport, car, bicycle or other. $\begin{array}{|l|l|}\hline \text { A. } & 8 \\\hline \text { B. } & 5 \\\hline \text { C. } & 4 \\\hline \text { D. } & 3 \\\hline\end{array}$

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Definitions:

Warranties

Guarantees issued to the purchaser of a product by its manufacturer or seller, promising repair or replacement within a certain period if necessary.

Adverse Selection

A situation where there is an imbalance in information that results in high-risk parties being more likely to engage in transactions than low-risk parties, often observed in insurance markets.

Good Quality

The degree to which a product or service meets or exceeds customer expectations.

Moral Hazard

A situation where one party engages in risky behavior knowing that it is protected against the consequences, often due to asymmetric information.