Which of the Following Can Be Used to Test the Hypothesis

question 44

Multiple Choice

Which of the following can be used to test the hypothesis that two nominal variables are related?

• A) a contingency table.
• B) a chi-square table.
• C) an ANOVA table.
• D) a scatter diagram.

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Definitions:

Budget Constraints

Refers to the limitations on the consumption choices of individuals or entities due to their available resources, such as income or wealth.

Indifference Curves

Graphical representations showing combinations of two goods that give the consumer equal satisfaction and utility.

Optimum

The most favorable condition or level of something, where benefits are maximized and negative effects are minimized.

Normal Goods

Normal goods are goods for which demand increases as the income of consumers increases, showing a positive relationship between income and demand.