In Analyzing the Data from This Research, the Yates Correction

question 72

Multiple Choice

In analyzing the data from this research, the Yates correction should only be applied if

• A) one or more of the fo's was less than 10
• B) one or more of the fo's was greater than 10
• C) one or more of the fe's was less than 10
• D) none of these

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Definitions:

Normal Balances

Refers to the side of an account (debit or credit) where increases in the account are recorded.

Accounts

Financial records that track the transactions and balances for specific items such as assets, liabilities, equity, revenue, and expenses.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote the addition of funds to an account.