Which of the Following Is True of a One-Sample Chi-Square

question 45

Multiple Choice

Which of the following is true of a one-sample chi-square test?

• A) The null hypothesis is that the actual frequencies in each category is different than those hypothesized
• B) The greater the difference between the actual and hypothesized frequencies in a category, the more likely the difference can be attributed to chance
• C) The value of the X² statistic expresses the extent of the difference between the actual and hypothesized frequencies
• D) The larger the divergence, the smaller the X² value
• E) A X² statistic is significant if it is less than .05

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Definitions:

Long Run

In economics, refers to a period in which all factors of production and costs are variable, allowing for complete adjustment to changes.

Economic Profit

The discrepancy between the overall income and the sum of all expenses, encompassing both direct and indirect costs.

Monopolistically Competitive

A market scenario where multiple firms compete on product differentiation, price, and quality, while maintaining some degree of market power.

Product Demand

The desire and willingness to purchase a specific product, quantified by the quantity consumers are ready to buy at various prices.