A Frequency Distribution Helps ________

question 115

Multiple Choice

A frequency distribution helps ________.

• A) determine if a systematic association exists between two variables
• B) determine how close a sample comes to the null hypothesis
• C) determine the shape of the empirical distribution of the variable
• D) us to understand how one variable,X,relates to another variable,Y

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Definitions:

Price Inelasticity

A situation in which the demand for a good or service is not significantly affected by changes in price.

Income Effect

The relationship between income fluctuations in an individual’s or economic environment’s finances and its influence on the quantity of goods or services demanded.

U.S. GDP

The total market value of all final goods and services produced within the United States during a specific time period.