Use the Following to Answer Questions

question 73

Multiple Choice

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.The significance level is 2.5%.What is the critical value of chi-square?

• A)9.488
• B)11.143
• C)12.833
• D)11.070

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Definitions:

Operating Activities

The day-to-day actions of producing, selling, and delivering a company's products or services, which are reflected in its cash flow.

Control Costs

The act of monitoring and managing expenses to adhere to a budget or improve efficiency, ensuring profitability and financial stability.

Benchmark

A standard or point of reference against which things may be compared or assessed, often used in performance analysis.

Evaluate Performance

The process of assessing the efficiency, effectiveness, and productivity of individuals, groups, or systems.