When We Compare the Income Distribution of the United States

question 183

Multiple Choice

When we compare the income distribution of the United States to those of other countries, we find that the U.S. has

• A)an income distribution similar to Japan's.
• B)an income distribution similar to South Africa's.
• C)one of the most unequal income distributions.
• D)a bit more inequality than the typical country.

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Definitions:

Independent Variables

Variables in an experiment or model that are manipulated or categorized to determine their effect on dependent variables.

Determination

Generally refers to the process of firm decision-making or the resolving of a problem; in statistics, it may refer to the coefficient of determination.

SSR

Sum of Squared Residuals; a measure of the discrepancy between the data and an estimation model.

F Statistic

The F statistic is a value derived from an ANOVA test used to determine whether the means of several groups are equal by comparing the variance between groups to the variance within groups.