As the Discrepancy Between the Observed and Expected Frequencies Becomes

question 55

Multiple Choice

As the discrepancy between the observed and expected frequencies becomes larger,the magnitude of the chi-square statistic ______.

• A)decreases
• B)does not change
• C)increases
• D)increases by a factor of the square of the difference

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Definitions:

Consumption

The process of using goods and services to satisfy wants and needs.

Interest Rate

An interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another, maintaining the same level of utility.

Utility Function

A formula used by economists to map the degree of happiness or satisfaction one derives from consuming quantities of goods and services.