A Chi-Square Test for Independence Is Used to Evaluate the Relationship

question 53

Multiple Choice

A chi-square test for independence is used to evaluate the relationship between two variables.If both variables are classified into 2 categories, then what is the df value for the chi-square statistic?

• A)df = 1
• B)df = 2
• C)df = 3
• D)cannot determine the value of df from the information provided

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Definitions:

Marginal Rate of Substitution

The rate at which a consumer is willing to give up one good in exchange for another good while maintaining the same level of satisfaction.

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A marketplace where stocks (shares of ownership in companies) are bought and sold, typically through exchanges.

Risk-Free Rate of Return

The theoretical rate of return of an investment with zero risk, often represented by the yield on government bonds.