If a Business Wants to Know If More Males or Females

question 60

Multiple Choice

If a business wants to know if more males or females purchase their product or a competitor's product,which of the following answers this question?

• A) regression analysis
• B) cluster analysis
• C) cross-tabulation
• D) interaction analysis

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Definitions:

Empirical Economics

The branch of economics that focuses on using data and statistical methods to test hypotheses and build economic theories.

Statistical Techniques

Mathematical methods applied to analyze, interpret, and make inferences from data.

Positive Statement

An objective statement that can be tested, based on factual information and data, without any value judgments.

Industrial Society

A society characterized by a reliance on mechanized labor to create material goods, often associated with a significant shift from agricultural to industrial economies.