The Chi-Squared Distribution Is Used In

question 102

Multiple Choice

The chi-squared distribution is used in:

• A)a goodness-of-fit test.
• B)a test of a contingency table.
• C)describing a population having more than two categories.
• D)All of these choices are true.

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Definitions:

Disposable Income

Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

Aggregate Household Wealth

The total net worth held by the households in an economy, combining all assets minus liabilities.

Durable Goods

Things that last at least a year or two.

Nondurable Goods

Goods that are expected to last or be used for less than one year.