If Sample Data Are Taken from a Population That Is

question 68

Multiple Choice

If sample data are taken from a population that is normally distributed, a normal probability plot of theobserved data values versus the expected z scores will

• A) be approximately linear.
• B) have no discernable pattern.
• C) look exponential in nature.
• D) have a correlation coefficient near 0.

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Definitions:

Compensating Differentials

Wage differences across jobs that reflect the desirability of the job attributes, compensating workers for job inconveniences or hazards.

Distributional Justice

The ethical principle concerned with the fair allocation of goods, wealth, or resources among individuals in a society.

John Rawls

An American philosopher known for his theory of justice and contributions to political and moral philosophy.

Income Redistribution

The reallocation of income from certain individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reforms, or monetary policies.