A Preference Map Is a

question 44

Multiple Choice

A preference map is a

• A) series of indifference curves.
• B) positively sloped series of curves, which reflect a consumer's preferences.
• C) contour map of a consumer's budget.
• D) map showing how much a consumer prefers one good for another.
• E) None of the above answers is correct.

---

Definitions:

Level of Significance

The likelihood of incorrectly dismissing the null hypothesis in a statistical analysis, frequently represented by the symbol alpha.

Population Variance

A measure quantifying the degree to which individual points in a whole population differ from the population mean.

Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation.

Population Proportion

A measure that represents the fraction or percentage of individuals in a population who meet a specific criterion.