Using a Significance Level of 0 A)related
B)not Related

question 6

Multiple Choice

Using a significance level of 0.05, test the claim that the two variables are independent. State whether the variables are related or not related.
-Tests for adverse reactions to a new drug yielded the results given in the table.
$$\begin{array} { l | c c } & \text { Drug } & \text { Placebo } \\\hline \text { Headaches } & 11 & 7 \\\text { No headaches } & 73 & 91\end{array}$$

• A)related
• B)not related

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Definitions:

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, indicating the same level of satisfaction.

Marginal Utility

The extra pleasure or benefit obtained from the consumption of an additional unit of a product or service.

Money Income

refers to the total income received by an individual or household in monetary form, including wages, salaries, benefits, and investment income.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting preferences and utility maximization.