Which of the Following Tests Is Used to Analyze Nominal

question 72

Multiple Choice

Which of the following tests is used to analyze nominal data?

• A)The z-test for one proportion,p,or difference of two proportions,p₁ − p₂.
• B)The chi-squared goodness-of-fitness test.
• C)The chi-squared test of a contingency table.
• D)All of these choices are true.

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Definitions:

Market Equilibrium

A situation where the quantity of goods supplied equals the quantity of goods demanded, leading to price stability.

Price Cheeseburger

The cost that a consumer pays to purchase a cheeseburger from a seller.

Excess Supply

A situation in a market where the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Market Equilibrium

A market state where the supply of a product or service is equal to the demand for it, leading to a stable price.