A Researcher Calculates a Chi­square Test Statistic of 8

question 50

Multiple Choice

A researcher calculates a chi­square test statistic of 8.56. At α = .05 and ν = 3, the critical value of the chi­square statistic is 7.81. What is the appropriate statistical conclusion?

• A) Reject the null hypothesis.
• B) Can't determine; not enough information given.
• C) Fail to reject the null hypothesis.
• D) Reject the alternative hypothesis.
• E) Conclude that the null hypothesis is true.

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Definitions:

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming for more precise cost allocation.

Machine-Hours

Represents the amount of time machines are operational during production, critical for planning and cost allocation purposes.

Overhead Cost

Indirect costs related to the overall operations of a company that cannot be directly tied to a specific product or service, such as rent, utilities, and administration expenses.

Activity-Based Costing

A costing methodology that assigns manufacturing and non-manufacturing costs to products or services based on the activities needed to produce them.