If There Are Only Two Categories,the Chi-Squared Goodness-Of-Fit Test Is

question 97

True/False

If there are only two categories,the chi-squared goodness-of-fit test is the same as the z-test for p,the population proportion (as long as the sample/cell sizes meet the conditions).

---

Definitions:

Job Order Costing

An accounting system used to calculate the cost of producing specific products or jobs, which may vary in materials, labor, and overhead.

Producing a Job

An approach to manufacturing where goods are produced based on specific customer orders, often involving customized products.

Materials Ledger Card

A record card that tracks the quantity and value of materials on hand in inventory.

Raw Materials Inventory

Goods or materials a company holds that are to be used in the production process to manufacture finished products.