In your own words, explain why you would use a nonparametric
test instead of a parametric test. How are they different? How are
they the same?
Come up with a research study example for each of the different
kinds of Chi square tests: no difference, goodness of fit, and test
of independence.
In your own words, explain the difference between price
ceilings and price floors. Why would an economy use them? Who is
hurt by each one and why? Who is helped by each one and why?
Why would the government support price ceilings and price
floors knowing that they are inefficient? What might they be trying
to accomplish?
Task 2: (PC2.2) Provide an example from your
own life how do you use technology to efficiently manage your work
priorities and commitments. Which devices/program/application is
most efficient for you?
A budget variance occurs when the actual
results of your financial activity differ from your budgeted
projections. Please identify what might be causing you budget
variances at the moment. What are some microeconomic factors that
could be causing this outcome? What are some macroeconomic factors
that could be sources of the variance? What might you change in
your financial behaviour, budget, or goals to your improve
outcomes?