Find the Test Statistic $\chi ^ { 2 }$ By McNemar's Test

question 6

Multiple Choice

Find the test statistic $\chi ^ { 2 }$ by McNemar's test.
-categorical data: a =72, b = 68, c = 110, d = 50

• A) 7.934
• B) 10.388
• C) 9.444
• D) 3.615

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Definitions:

Binding Price Floor

A minimum price set by the government above the equilibrium price, causing a surplus by preventing the market price from falling to its equilibrium level.

Excess Supply

A situation where the quantity of a good or service supplied is greater than the quantity demanded at a given price.

Equilibrium

A state where supply equals demand, allowing the market for a good or service to stabilize at a certain price and quantity.

Price Elasticity of Demand

A measure that calculates the responsiveness, or elasticity, of the quantity demanded of a good to a change in its price.