Use the Following to Answer Questions

question 4

Short Answer

Use the following to answer questions :
You ask 100 persons what color of car they like the most.The table below lists the observed frequencies for such a survey.

-The null hypothesis for the goodness-of-fit test is that 10% of all persons like black cars,25% like blue cars,20% like red cars,10% like white cars,and 35% like other colors.What are the degrees of freedom for this test?

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Definitions:

Total Debt Ratio

A financial metric that compares a company's total debt to its total assets, indicating how much of the company's assets are financed by debt.

Financial Position

A snapshot of the resources and obligations of a company or individual at a specific point in time, indicating the net worth or financial health.

Statement Of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by and distributions to shareholders.

Net Working Capital

The difference between a firm's current assets and its current liabilities, indicating the short-term financial health and working capital efficiency of the business.