If There Are Three or More Populations, Then It Is

question 14

Multiple Choice

If there are three or more populations, then it is

• A) possible to test for equality of three or more population proportions.
• B) impossible to test for equality of the three population proportions, because chi-square tests deal with only two populations.
• C) customary to use a t distribution to test for equality of the three population proportions.
• D) reasonable to test for equality of multiple population proportions using chi-square lower tail tests.

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Definitions:

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as sales volume or production levels.

Credit Terms

The conditions, including payment deadlines and interest rates, under which credit is extended to a borrower.

Aging Schedules

Timetables in accounting that categorize a company's accounts receivable according to the length of time an invoice has been outstanding.

Overdue Accounts

Financial accounts or receivables that have not been paid by the due date.