A Sign Test Cannot Be Applied When the Data Are

question 32

Multiple Choice

A sign test cannot be applied when the data are ________.

• A)nominal
• B)ordinal
• C)interval
• D)ratio

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Definitions:

Jon's Budget

A specific example referring to the budget allocated or controlled by an individual named Jon.

Prices of Products

The cost at which goods or services are offered for sale to consumers.

Consumer's Budget

The total amount of income available to an individual or household for spending and saving after taxes have been accounted for.

Indifference Curves

Visual diagrams in microeconomics that display the mix of two products which provide the same level of pleasure and usefulness to a purchaser.