Choose the Statement That Is Not True About Fisher's Exact

question 36

Multiple Choice

Choose the statement that is not true about Fisher's Exact Test or choose (d) if all the statements are true.

• A)When sample size is small resulting in expected cell counts that are less than 5, Fisher's Exact Test is one option that can be used to conduct a hypothesis test.
• B)With Fisher's Exact Test an exact p- value can be calculated instead of using an approximation for the p- value as is the case with the chi- square test.
• C)Fisher's Exact Test cannot be used for tables with more than two rows or columns.
• D)All of these statements are true.

Recognize the differences between accounting costs and economic costs.

Identify and calculate average, marginal, average fixed, and average variable costs.

Determine the impact of external factors such as taxes and technology on opportunity costs.

Analyze the role and importance of sunk costs in economic and business decisions.

---

Definitions:

Excess Reserves

Funds that banks hold over and above the required minimum reserves specified by central banking authorities, which can be loaned out or invested.

Reserve Requirements

The minimum amount of reserves that banks must hold against deposits, set by central banks to ensure liquidity and control the money supply.

Discount Rate

The discount rate is the interest rate charged to commercial banks and other financial institutions for loans received from the Federal Reserve's discount window.

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, frequently used as a benchmark in lending rates.