When Cell Frequencies Are Small and 2x2 Tables Are Used

question 25

Multiple Choice

When cell frequencies are small and 2x2 tables are used in the chi square test,an adjustment to the value of chi square can be made by applying

• A)Yate's correction for continuity
• B)a different value to the expected frequencies
• C)a different value to the observed frequencies
• D)any of these

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Definitions:

Risk Averse

Condition of preferring a certain income to a risky income with the same expected value.

Expected Benefit

The anticipated or forecasted gain or advantage that arises from a specific action or decision, often considered in cost-benefit analysis.

Subjective Probabilities

Individual assessments or beliefs about the likelihood of future events, based on personal judgment rather than objective data.

Microeconomic Analysis

The examination of the economic behavior of individuals, households, and firms, focusing on market mechanisms and the determination of prices and quantities in specific markets.