Use the Following to Answer Questions

question 7

Short Answer

Use the following to answer questions :
You observe 100 randomly selected college students to find out whether they arrive on time or late for their classes.The table below gives a two-way classification for these students.

-For a chi-square test of independence for this contingency table,what is the number of degrees of freedom?

---

Definitions:

Direct Write-off Method

An accounting method for treating bad debts that writes off specific invoices as uncollectable only at the time they are deemed irrecoverable.

Allowance Method

An accounting technique used to estimate and account for doubtful accounts, providing a more accurate reflection of realizable revenue.

Cash Realizable Value

The amount of money that can be expected to be received from receivables or other assets, after accounting for any discounts or allowances.

Allowance Method

An accounting technique that estimates and deducts accounts receivable deemed uncollectible from total accounts receivable.