The Level of Income the Federal Government Uses to Define

question 23

Multiple Choice

The level of income the federal government uses to define being poor is called the

• A)relative measure of poverty.
• B)absolute measure of poverty.
• C)poverty threshold.
• D)median income threshold.

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Definitions:

F-ratio

A statistical measure used in ANOVA testing that compares the variances between groups to variances within groups.

P-value

A statistic that measures the probability of obtaining test results at least as extreme as the results actually observed, assuming that the null hypothesis is correct.

Annual Income

The total amount of income earned over a year from work, business, investments, or other sources.

Level of Education

Refers to the ultimate stage of formal learning or highest degree obtained by an individual.