A Researcher Wants to Know If There Is a Relationship

question 4

Multiple Choice

A researcher wants to know if there is a relationship between region of birth and political party affiliation. She should calculate a________.

• A) univariate descriptive statistic like the mean.
• B) qualitative measure of influence.
• C) measure of association.
• D) statistic that measures the non-relational differentiation between the two variables.

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Definitions:

Premium

The amount by which the price of a financial instrument or asset exceeds its face value or principal value, often related to bonds, insurance, or options trading.

Arbitrage

The simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.

Profit

Profit represents the financial gain achieved when the revenues generated from business activities exceed the expenses, taxes, and costs incurred in operating the business.

Market

A medium or place where buyers and sellers conduct transactions, either physically or virtually, involving goods, services, or securities.