Contingency Tables Should Not Be Used with Expected Cell Frequencies

question 47

Multiple Choice

Contingency tables should not be used with expected cell frequencies _______.

• A)less than the number of rows
• B)less than the number of columns
• C)less than 5
• D)less than 30
• E)less than 50

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Definitions:

Incremental Borrowing Rate

The interest rate a company would have to pay if it borrows funds on the day of the lease transaction, used in lease accounting.

Lessor's Implicit Rate

The interest rate in a lease that yields the same net investment in the lease as the present value of the minimum lease payments and any unguaranteed residual value.

Ordinary Annuity

A series of equal payments made at equal intervals of time, with the payments occurring at the end of each period.

Present Value Factors

The factors used to calculate the present value of a future amount of money or stream of cash flows, given a specific discount rate.