The Test Statistic for Goodness of Fit Has a Chi-Square

question 21

Multiple Choice

The test statistic for goodness of fit has a chi-square distribution with k - 1 degrees of freedom provided that the expected frequencies for all categories are​

• A) ​5 or more.
• B) ​10 or more.
• C) ​k or more.
• D) ​2k.

---

Definitions:

Regular Prices

The standard or usual cost at which goods are sold to consumers.

Off-Price Retailer

Retailers that sell branded or designer goods at significantly lower prices than traditional retail, often due to overstock, last season's items, or manufacturer closeouts.

Discount Store

A retail store that sells products at prices lower than the typical market value, often by buying in bulk or selling overstock items.

Below Wholesale

Pricing that is lower than the standard wholesale price, often involving large quantities of goods being sold to retailers or other bulk buyers.