Michelle Bought Word-Processing Software in 2009 for $75

question 185

Multiple Choice

Michelle bought word-processing software in 2009 for $75.Michelle's cousin,Barry,bought an upgrade of the same software in 2010 for $75.To which problem in the construction of the CPI is this situation most relevant?

• A)substitution bias
• B)unmeasured quality change
• C)introduction of new goods
• D)income bias

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Definitions:

Null Hypothesis

A statement used in statistics that proposes no significant difference or effect.

Null Hypothesis

A statement in statistical analysis that assumes there is no significant difference or effect, serving as the default assumption to be tested against an alternative hypothesis.

P-value

A statistical measure that helps researchers determine the significance of their results, indicating the probability of observing the results by chance.

Null Hypothesis

A statement in statistical analysis that proposes there is no significant effect or relationship between certain variables, used as a default position until evidence suggests otherwise.