Use the Following to Answer Questions

question 94

Multiple Choice

Use the following to answer questions :
Table: Price Levels

-(Table: Price Levels) Look at the table Price Levels. What is the rate of inflation from 2012 to 2013?

• A)6.4%
• B)4.5%
• C)2.9%
• D)2.0%

---

Definitions:

Qualitative Variables

Variables that express qualitative attributes and differentiate by category, not in numerical terms.

Chi-Square Test

A nonparametric test used to determine if there is a significant association between two categorical variables.

Sampling Distribution

The probability distribution of a given random-sample-based statistic if you repeatedly sample from the same population.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, influencing the shape and range of possible outcomes.