In 2012, U

question 111

Multiple Choice

In 2012, U.S. national output per person was equal to about:

• A) $15.7 billion
• B) $43,000
• C) $50,000
• D) $12,000
• E) $80,000

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Definitions:

Stepwise Regression

A technique in regression modeling that involves automatically selecting which variables predict the outcome.

Nonparametric Tests

Statistical tests that do not assume a specific distribution shape for the population from which the samples are drawn.

Underlying Population

This term refers to the entire group from which a sample is drawn for statistical analysis, representing the total set of observations of interest.

Population Distributions

Population distributions describe how the values of a particular variable or characteristic are spread out across all members of a population.