A Variable Contains Five Categories $\alpha$ = 01, the Critical Value of Chi-Square Is _______

question 46

Multiple Choice

A variable contains five categories.It is expected that data are uniformly distributed across these five categories.To test this, a sample of observed data is gathered on this variable resulting in frequencies of 27, 30, 29, 21, and 24.Using $\alpha$ = .01, the critical value of chi-square is _______.

• A)7.78
• B)15.09
• C)9.24
• D)13.28
• E)15.48

---

Definitions:

Bank Services

Refers to the various services and products offered by banks to their customers, such as checking accounts, loans, and financial advice.

Internal Control

Processes and procedures implemented by a company to safeguard its assets, enhance the reliability of its accounting records, and ensure compliance with laws and regulations.

Banking Activities

Operations carried out by banks, including deposits, loans, investments, and currency exchange.

Petty Cash Fund

A small amount of cash on hand that is used for covering minor expenses in a business.