If One Is Testing a Goodness of Fit to a 9:3:3:1

question 38

Multiple Choice

If one is testing a goodness of fit to a 9:3:3:1 ratio,how many degrees of freedom would be associated with the Chi- square analysis?

• A)1
• B)2
• C)3
• D)4
• E)5

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Definitions:

Interest Expense

The financial liability incurred from borrowing funds that an entity faces over a predetermined period.

Dividend Payments

Payments made to shareholders out of a corporation's earnings reflecting their share in the ownership.

Operating Expense

Ongoing costs for running a product, business, or system, not including the cost of goods sold but encompassing items like salaries and rent.

Wages Expense

The total amount of wages paid to employees during a specific period as an expense to the company.