The ________ Tests the Goodness of Fit of the Observed

question 18

Multiple Choice

The ________ tests the goodness of fit of the observed number of observations in each category to the number expected under a specified binomial distribution.

• A)Mann-Whitney U test
• B)sign test
• C)binomial test
• D)runs test

---

Definitions:

Conventional Loans

A mortgage loan that is not insured or guaranteed by the federal government, typically requiring a higher credit score and a minimum down payment.

Potential Lender

An individual or institution considering the provision of credit or loans to borrowers under specific conditions.

Department of Commerce

A division of a government that is concerned with promoting economic growth, trade, and market regulations.

Factoring

The practice of raising funds for a business through the sale of accounts receivable.