Testing a Hypothesis About a Mean Requires Nominal- or Ordinal-Scaled

question 18

True/False

Testing a hypothesis about a mean requires nominal- or ordinal-scaled data.

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Definitions:

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose, often with the goal of minimizing waste and maximizing output.

Equality

A state of being equal, especially in status, rights, and opportunities.

Income Redistribution

A policy or process aimed at adjusting the distribution of income among a population to reduce inequality.

Economics

The social science concerned with the production, distribution, and consumption of goods and services, and the analysis of the choices people make to satisfy their needs.