One of the Most Dramatic Economic Transformations That Had Occurred

question 12

Multiple Choice

One of the most dramatic economic transformations that had occurred by the early twenty-first century was

• A) an increase in poverty for those over age 65.
• B) a decrease in poverty among children.
• C) the declining income of young people aged 20-35.
• D) a substantial decrease in poverty among those over 65.
• E) a decrease in poverty for single mothers.

---

Definitions:

Regression Coefficient

A value that represents the amount by which a dependent variable changes when a related independent variable changes by one unit.

Regression

A statistical method used to determine the relationship between a dependent variable and one or more independent variables.

Variance

Average squared deviation from the mean.

Degrees Freedom

Degrees of freedom refer to the number of independent values or quantities which can be assigned to a statistical distribution or to the number of variables minus the number of constraints in a system.