A Percentage Difference Derived from a Percentage Table

question 30

Multiple Choice

A percentage difference derived from a percentage table:

• A)is a crude indicator of the strength of a relationship.
• B)indicates the amount of error made when converting a contingency table to a percentage table.
• C)is meaningless without another one to compare with it.
• D)indicates the percentage of the population represented by the sample.

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Definitions:

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.

Commodity Money

Anything that serves both as money and as a commodity; money that has intrinsic value such as gold or silver coins.

Double Coincidence

A situation in a barter system where two parties each hold an item the other wants, necessitating an exact match to complete an exchange.

Trade

The exchange of goods, services, or both between countries or individuals, allowing for the specialization and efficiency benefits.