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TABLE 12-5
Four surgical procedures currently are used to install pacemakers. If the patient does not need to return for follow-up surgery, the operation is called a "clear" operation. A heart center wants to compare the proportion of clear operations for the 4 procedures and collects the following numbers of patients from their own records:
They will use this information to test for a difference among the proportion of clear operations using a chi-square test with a level of significance of 0.05.
-Referring to Table 12-5, there is sufficient evidence to conclude that the proportions between procedure A and procedure D are different at a 0.05 level of significance.
Fisher Effect
an economic theory proposing that the real interest rate is independent of monetary measures, especially the nominal interest rate and inflation rate.
Nominal Interest Rate
The rate of interest before adjustment for inflation; the stated or advertised interest rate on a loan or investment.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing and the true yield on lending.
Price Changes
Variations in the cost of goods and services over time, affecting consumer behavior and economic trends.
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