Exhibit 7-10: Choose the appropriate statistic for the following situations.
-Refer to Exhibit 7-10.Do college graduation and generation membership influence the amount of money people are willing to be spend on a house?
A) Chi Square
B) Multifactor Analysis of Variance
C) t-test for dependent means
D) t-test for independent means
E) None of these are true.

Question

Quizplus · Accepted Answer

Multifactor Analysis of Variance is used to analyze the influence of multiple independent variables on a dependent variable. In this case, the independent variables are college graduation and generation membership, and the dependent variable is the amount of money people are willing to spend on a house. A t-test would only compare means between two groups, while a chi-square test is used for categorical data.

Exhibit 7-10: Choose the Appropriate Statistic for the Following Situations