A Chi-Squared Test for Independence with 6 Degrees of Freedom

question 61

True/False

A chi-squared test for independence with 6 degrees of freedom results in a test statistic of 13.25. Using the chi-squared table, the most accurate statement that can be made about the p-value for this test is that 0.025 < p-value < 0.05.

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Definitions:

Note Collected

An increase in cash or accounts receivable resulting from the collection of a promissory note.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Nonsufficient Funds

Nonsufficient funds (NSF) is a term used in banking to indicate that a demand for payment cannot be honored because there are inadequate funds in the account on which the instrument was drawn.