Between October 2014 and October 2015,the CPI in Canada Rose

question 136

Multiple Choice

Between October 2014 and October 2015,the CPI in Canada rose from 120 to 124 and the CPI in Mexico rose from 210 to 229.1.What were the inflation rates for Canada and Mexico over this one-year period?

• A)3.3 percent for Canada and 9.1 percent for Mexico
• B)3.3 percent for Canada and 8.3 percent for Mexico
• C)3.2 percent for Canada and 9.1 percent for Mexico
• D)3.2 percent for Canada and 8.3 percent for Mexico

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Definitions:

Degrees of Freedom

The amount of separate parameters or data points that can be attributed to a statistical distribution.

Mean Squares

A statistic used in variance analysis that represents the average of squared deviations, often used in the context of ANOVA.

F Test Statistic

Used in analysis of variance (ANOVA) to compare the variances of two populations, based on sample data.

F-Test

A statistical test used to compare the variances of two populations and determine if they are significantly different.