-The Data in the Table Above Show the Consumption by Families

question 36

Multiple Choice

-The data in the table above show the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is

• A) 94.2.
• B) 124.
• C) 106.2.
• D) 100.
• E) 140.5.

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Definitions:

Multiple Correlation

A statistical technique that measures the strength of a relationship between one dependent variable and several independent variables.

Criterion Variable

The dependent variable in a statistical analysis that the researchers are most interested in understanding or predicting.

Predictor Variables

Predictor variables are independent variables in statistical models that are used to predict outcomes or influences on a dependent variable.

Linear Regression Equation

A mathematical expression defining a direct relationship between a single dependent variable and several independent variables.