The Chi-Square Goodness-Of-Fit Test Can Only Be Used to Test

question 73

True/False

The chi-square goodness-of-fit test can only be used to test whether a population has specified multinomial probabilities or to test if a sample has been selected from a normally distributed population. It cannot be used if sample data come from other distribution forms, such as the Poisson.

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Definitions:

Present Value

The immediate valuation of a prospective sum of money or sequences of cash payments, utilizing a certain return rate.

Rate of Return

A calculation that determines the percentage gain or loss on an investment relative to the investment's cost.

Years

Units of time measuring the duration of 365 days (or 366 days in a leap year), commonly used to quantify time.

Effective Annual Rate

The interest rate on an investment or loan that considers the effect of compounding over a one-year period.