Which of the Following Is False

question 30

Multiple Choice

Which of the following is false?

• A)​The most well known price index is the consumer price index, which provides a measure of the trend in the prices of goods and services purchased for consumption purposes.
• B)​The GDP deflator measures the average level of prices of all final goods and services produced in the economy.
• C)​The CPI is the price index that is most relevant to households trying to evaluate their changing financial position over time.
• D)​A price index is equal to the cost of the chosen market basket in the base year, divided by the cost of the same market basket in the current year, times 100.

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Definitions:

Reject

In statistical hypothesis testing, it refers to the decision to not accept the null hypothesis based on the evidence from the data.

F-Ratio

A statistic used in ANOVA to compare the variance among group means to the variance within groups; a measure of variance between groups relative to variance within groups.

Main Effect

In statistical analysis, the direct impact of an independent variable on a dependent variable, disregarding the influences of or interactions with other variables.

Reject

In statistics, to refuse the null hypothesis based on evidence from sample data meeting a predetermined significance level.