Which Type of Expenditure Would Probably Be the Hardest for an Individual

question 103

Multiple Choice

Which type of expenditure would probably be the hardest for an individual to track?

• A)Credit card
• B)Cash
• C)Checks written
• D)Automatic payments
• E)Direct deposits

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Definitions:

Alpha

In statistics, alpha often denotes the level of significance, a threshold below which the null hypothesis is rejected.

Chi-Square

A statistical test used to determine if a significant relationship exists between two categorical variables in a contingency table.

Degrees of Freedom (df)

Number of values or quantities free to vary when a statistic is used to estimate a parameter.

Expected Frequency

In statistics, the frequency expected in a category of a contingency table under the assumption that the null hypothesis is true.