With One Ordinal-Level IV, You Would Most Likely Need to Conduct

question 44

Multiple Choice

With one ordinal-level IV, you would most likely need to conduct a ______.

• A) one-sample t-test or z-test
• B) one-way ANOVA
• C) χ² goodness-of-fit test
• D) none of these

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Definitions:

MSC (Marginal Social Cost)

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Positive Externality

A benefit received by individuals or society at large from an economic transaction in which they were not directly involved.

Vaccinating

The act of administering a vaccine to help the immune system develop protection from a disease.

Marginal Benefit

The enhancement in satisfaction or utility achieved by consuming an additional unit of a product or service.