In the US, People Tend to Discard Items Rather Than Repair Them

question 44

Multiple Choice

In the U.S., people tend to discard items rather than repair them because

• A)Americans are lazy
• B)of the high opportunity cost of time
• C)it is costly to use land for waste disposal
• D)high wages in the waste disposal industry discourages repairs
• E)low wages in the repair industry encourages disposal

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Definitions:

Expected Frequencies

In statistics, the numbers of observations or outcomes that one would expect to occur in each category if the null hypothesis were true.

Nonparametric Tests

Statistical tests not relying on data belonging to any particular distribution; often used when data does not meet the assumptions of parametric tests.

Normally Distributed

Describing a data set whose distribution forms a symmetrical, bell-shaped curve, with most values clustering around a central mean.

Conservative Strategy

A risk-averse approach to decision-making or investment that prioritizes preservation of capital over potential gains.