If the CPI Is 170 at the Beginning of the Year

question 71

Multiple Choice

If the CPI is 170 at the beginning of the year and 181 at the end, and a bank is paying a nominal interest rate of 6 percent, we see that

• A)the interest nominal rate is negative.
• B)the real interest rate is positive and is larger than 1 percent.
• C)the real interest rate is negative.
• D)the real interest rate is positive and is less than 1 percent.
• E)the real interest rate is equal to zero.

Identify the situations where nonparametric tests are preferred over parametric tests.

Apply the Kruskal-Wallis test to determine differences among more than two groups.

Distinguish between tests for matched pairs and tests for independent samples.

Understand the concept of nonparametric tests for ordinal or interval data not assuming normal distribution.

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