Whenever the dependent variable takes on just a few values it is close to a normal distribution.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: Whenever the dependent variable takes on just a few values it cannot have anything close to a normal distribution. A normal distribution requires the dependent variable to take up a large range of values.
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A debtor's quantity of credit demanded and the rate of interest are likely to be:
A) positively correlated. B) unrelated. C) negatively correlated. D) positively related if the rate of interest is below 10% and negatively related if it is above 10%.
In order to maximize profits, a firm should decrease output whenever total cost exceeds total revenue
a. True b. False
The effect of a tariff or a quota is to
a. raise the price of a commodity in the exporting country above the price in an importing country. b. raise the price of a commodity in an importing country above the price in the exporting country. c. lower the price of the commodity in all countries. d. raise the price of the commodity in all countries.
If a work performance measure is based on both objective and subjective measures, the objective measure would be:
A. quality of units produced. B. the number of units produced. C. employee dependability. D. employees' willingness to cooperate with coworkers.