Which of the Following Are Factors That Determine Which Statistical

question 8

Multiple Choice

Which of the following are factors that determine which statistical technique should be used?

• A)The type of data being measured.
• B)The purpose of the statistical inference.
• C)The type of data being measured and the purpose of the statistical inference.
• D)None of these choices are correct.

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Definitions:

Behavioral Economics

A field of study that applies psychological insights into human behavior to explain economic decision-making.

Behavioral Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Temptation

The desire to do something, often something wrong or unwise, driven by impulse or short-term gratification.

Neoclassical Economist

An economist who studies the determination of prices, outputs, and income distributions in markets through supply and demand.