A Chi-Square Test for Goodness of Fit Is Used to Examine

question 79

Multiple Choice

A chi-square test for goodness of fit is used to examine the distribution of individuals across three categories,and a chi-square test for independence is used to examine the distribution of individuals in a 2×3 matrix of categories.Which test has the larger value for df?

• A)The test for goodness of fit
• B)The test for independence
• C)Both tests have the same df.
• D)The df value depends on the sizes of the samples that are used.

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Definitions:

Stabilization Policies

Government strategies aimed at reducing fluctuations in the economy through monetary and fiscal policy measures to achieve low inflation, reduced unemployment, and sustainable growth.

Recession

A spell of economic retrenchment characterized by a reduction in manufacturing and trade activities, typically signified by two successive quarters of GDP decline.

Inflation

How quickly the average cost of goods and services goes up, resulting in a decrease in the ability to purchase.

Economic Growth

A rise in the output of goods and services in an economy over a certain period, frequently assessed using GDP.