An Informal Test for Normality That Utilizes a Scatterplot and Looks

question 20

Multiple Choice

An informal test for normality that utilizes a scatterplot and looks for clustering around a 45° line is known as a(n)

• A)Lilliefors test.
• B)empirical cumulative distribution function.
• C)p-test.
• D)quantile-quantile plot.

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Definitions:

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) for international use.

U.S. GAAP

The codification of how financial transactions and events are to be reported in the financial statements, developed and maintained by the Financial Accounting Standards Board (FASB) for the United States.

Straight-Line Method

A depreciation method where an equal amount of depreciation expense is allocated for each year of the asset's useful life.