A Chi-Square Test for Independence Is Used to Evaluate the Relationship

question 65

Multiple Choice

A chi-square test for independence is used to evaluate the relationship between two variables.If both variables are classified into 2 categories,then what is the df value for the chi-square statistic?

• A)1
• B)2
• C)3
• D)Cannot determine the value of df from the information provided

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Definitions:

Long-Run Aggregate Supply Curve

A graphical representation showing the relationship between the price level and the quantity of output that can be produced in the economy in the long run, assuming all resources are fully employed.

Capital Stock

The total representation of a company's or country's machinery, buildings, and other physical assets used in production.

Price Level

A measure of the average prices of goods and services in the economy, often compared over time to assess inflation or deflation.

Long-Run Aggregate Supply Curve

A vertical line representing the real output of goods and services that an economy can produce when it is fully employed, regardless of the level of demand.