If Both Variables in a Correlational Study Are Non-Numerical, the Data

question 46

Multiple Choice

If both variables in a correlational study are non-numerical, the data can be organized in a matrix and then analyzed using a _____.

• A) t test
• B) mixed design analysis of variance
• C) single-factor analysis of variance
• D) chi-square hypothesis test

---

Definitions:

Health Insurance

A type of insurance that covers the whole or part of the risk of a person incurring medical expenses, spreading the risk over numerous individuals.

Adverse Selection

A situation in which sellers have information that buyers do not have, or vice versa, leading to an inefficient market outcome.

Moral Hazard

A situation in which there is a tendency to take riskier behavior when protected from the consequences of that behavior, often seen in insurance and finance.

Asymmetric Information

A situation in economics where one party in a transaction has more or better information than the other, leading to potential imbalances in decisions and market outcomes.