For a Recent Year, the Following Are the Numbers of Homicides

question 36

Multiple Choice

For a recent year, the following are the numbers of homicides that occurred each month in New_ York City: 38, 30, 46, 40, 46, 49, 47, 50, 50, 42, 37, 37. Use a 0.05 significance level to test the claim that homicides in New York City are equally likely for each of the 12 months. State your
Conclusion about the claim.

• A)There is sufficient evidence to warrant rejection of the claim that homicides in New York
• City are equally likely for each of the 12 months.
• B)There is not sufficient evidence to warrant rejection of the claim that homicides in New
• York City are equally likely for each of the 12 months.
• C)There is sufficient evidence to support the claim that homicides in New York City are
• Equally likely for each of the 12 months.
• D)There is not sufficient evidence to support the claim that that homicides in New York
• City are equally likely for each of the 12 months.

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Definitions:

Substitution Bias

Substitution bias occurs in inflation measurement and refers to the tendency of consumers to change their purchasing habits away from goods that have increased in price to cheaper alternatives, which is not always fully captured by price indexes.

CPI

The Consumer Price Index, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

Consumer Substitution

The tendency of consumers to switch from one good to another in response to changes in relative prices, keeping their level of satisfaction or utility constant.

New Good

A product that has been recently developed or introduced to the market, offering new benefits or replacing existing goods.