A Chi-Square Goodness of Fit Test Is to Be Performed

question 82

Multiple Choice

A chi-square goodness of fit test is to be performed to see if data fit the Poisson distribution.There are 8 categories, and lambda must be estimated.How many degrees of freedom should be used?

• A)8
• B)7
• C)6
• D)5
• E)4

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Definitions:

Excise Tax

A tax directly levied on certain goods, services, or activities, often with the aim of discouraging their use or consumption.

Relative Burden

The comparative impact of a tax, cost, or other financial obligation on an individual or group.

Inelastic Demand

Inelastic demand is a situation where the demand for a product does not significantly change with a change in the product's price.

Tax Burden

Represents the total amount of taxes that individuals or businesses must pay to governmental authorities.