Which of the Following Statements Is a Normative Statement

question 254

Multiple Choice

Which of the following statements is a normative statement?

• A)Unemployment this month has increased by less than 0.5 per cent.
• B)Inflation has been at an all-time low this year.
• C)Additional spending on education has not produced any rise in test scores.
• D)Pepsi is less expensive than Coke this week.
• E)The minimum wage should be increased to $8.50 per hour.

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Definitions:

Serial Autocorrelation

The relationship where a variable's current value is correlated with its past values over time.

Maurice Kendall

A British statistician known for his work in the field of statistics, notably the development of the Kendall rank correlation coefficient.

EMH

The Efficient Market Hypothesis, which states that share prices reflect all available information and are thus accurately priced.

Relevant Information

Data or facts that can influence decisions because they are pertinent and directly related to the issue at hand.