A Chi-Square Test for Goodness-Of-Fit Is Conducted on a Nominal

question 74

Multiple Choice

A chi-square test for goodness-of-fit is conducted on a nominal variable with four levels.What is the critical cutoff for a test with a p level of 0.05?

• A) 5.992
• B) 6.252
• C) 7.815
• D) 9.488

---

Definitions:

Net Operating Income

Income from a company's everyday business operations, excluding expenses from interest and taxes.

Monthly Sales

The total revenue generated from the sale of goods or services within a single month.

Advertising Budget

The amount of money a company decides to allocate towards advertising its products or brand over a certain period.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the level of risk in a business.