The Chi-Square Goodness-Of-Fit Test for Multinomial Probabilities with 5 Categories

question 88

Multiple Choice

The chi-square goodness-of-fit test for multinomial probabilities with 5 categories has ________ degrees of freedom.

• A) 5
• B) 4
• C) 3
• D) 6

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Definitions:

Financing

The process of providing funds for business activities, making purchases, or investing.

Annual Installment

A fixed amount of money paid back to a lender once a year, typically used in the repayment of long-term loans.

Face Value

The nominal or dollar value stated on a financial instrument, such as a bond or stock certificate.

Bond Issue

The process of offering bonds for sale to investors as a way of borrowing money for long-term capital needs.