When government agents use real-life data on bank loans to determine if males and females are treated equally, they are using the statistical technique called
A. regression.
B. auditing.
C. quadratification.
D. standard deviating.
Answer: A
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Which of the following is an example of a network externality?
a. Amy sitting in her front yard enjoying the Fourth of July fireworks b. People parked on Amy's street, making it difficult to walk on the street c. Mary using LinkedIn to search for jobs, encouraging her friends to use it too d. Allowing Delta Chemicals to use a natural lake to discharge waste
Which of the following could reduce economic efficiency?
a. laws that encourage lawsuits b. policies that redistribute income c. policies that impose significant restrictions on international trade d. All of the above are correct
By holding insurance a person
a. reduces the risk of a bad outcome, such as their house burning down. b. shares risk and so reduces the burden of risk. c. Both A and B are correct. d. Neither A nor B are correct.
Regarding income distribution and the distribution of wealth
A. wealth is a stock concept and income a flow concept. B. income, a flow, can be viewed as a return on wealth. C. a stock is evaluated at a given moment in time; a flow is evaluated during a period of time. D. All of these are correct.