When Using an IF Function, If Customers with Overdue Payments

question 68

Multiple Choice

When using an IF function, if customers with overdue payments fall into only one category (90 days, 60 days, or 30 days) , ____.

• A) you should test the 90-day condition first
• B) you should test the 60-day condition first
• C) you should test the 30-day condition first
• D) it doesn't matter which condition is tested first

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Definitions:

Expected Cell Counts

In chi-squared tests, these refer to the theoretically predicted frequencies of observations in the categories of a contingency table under the null hypothesis.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or in the calculation after estimating certain parameters.

Contingency Table

A table used to display the frequency distribution of variables and analyze the relationship between categorical variables.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect and serves as the default or starting assumption in hypothesis testing.