If Chi Square Obtained Has a Negative Value

question 11

Multiple Choice

If Chi square obtained has a negative value

• A) an arithmetic error has been made
• B) a one-tailed test is called for
• C) the row and column variables must be switched
• D) the null hypothesis must be rejected

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, and freedom of entry and exit, leading to price taking behavior.

Price Makers

Firms or entities that have the power to influence the price of a good or service in the market, typically due to a lack of competition.

Differentiated Products

Products that are similar but distinguished from each other by variations in quality, features, branding, or some other aspect valued by consumers.

Short Run

A period in which at least one input (e.g., capital) is fixed and cannot be changed.