The Sampling Distribution of the Test Statistic for a Goodness-Of-Fit

question 93

Multiple Choice

The sampling distribution of the test statistic for a goodness-of-fit test with k categories is a:

• A) chi-squared distribution with k - 1 degrees of freedom.
• B) normal distribution.
• C) Student t-distribution with k - 1 degrees of freedom.
• D) None of these choices.

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Definitions:

Nominal Rate

The interest rate as stated without adjusting for inflation, representing the face value of financial transactions.

Interest

The cost of borrowing money or the return on investment; it is typically expressed as a percentage of the principal amount.

Cyclical Unemployment

Unemployment that arises during periods of economic downturns or recessions, associated with the business cycle.

Unemployment Rate

The percentage of the labor community that is jobless and in active pursuit of employment.