If a Variable Has Been Measured on a Multi-Valued Quantitative

question 71

Multiple Choice

If a variable has been measured on a multi-valued quantitative scale,then creating categories and using a chi-square procedure will usually _____.

• A)violate the assumptions of the chi square test
• B)result in using a less powerful statistical test than alternatives
• C)increase the sensitivity of the test
• D)none of these

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Definitions:

Strategic Game

A concept in game theory in which players are aware of the strategies of other participants and are making decisions based on predicting the actions of others.

Extensive Form

A way of representing a game in game theory that illustrates the sequence of moves, the knowledge of each player at different points, and their possible strategies.

Herfindahl Index

A measure of market concentration to assess the level of competition, calculated by squaring each firm's market share and then summing the total.

Market Shares

The portion of a market controlled by a particular company, often expressed as a percentage of total sales in the industry.