If You Reject H₀ in a Test of a Contingency

question 158

Multiple Choice

If you reject H₀ in a test of a contingency table,you conclude that based on your data:

• A)The two nominal variables are independent.
• B)The two nominal variables are equal.
• C)The two nominal variables have the same proportions listed in H₀.
• D)None of these choices.

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Definitions:

Tradable Emissions Permits

Market-based allowances to emit a certain amount of pollution, which companies can buy or sell depending on their need to emit more or less than their allocation.

Equilibrium Price

The rate at which the demand for a good or service perfectly balances with its supply.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrating price in a market.

Positive Externality

A beneficial effect experienced by a third party due to a transaction or activity they were not involved in.