In a Goodness-Of-Fit Test, the Null Hypothesis States That the Data

question 113

Short Answer

In a goodness-of-fit test, the null hypothesis states that the data came from a normally distributed population. The researcher estimated the population mean and population standard deviation from a sample of 500 observations. In addition, the researcher used 6 standardised intervals to test for normality. Using a 5% level of significance, the critical value for this test is: $$\begin{array} { | l | l | } \hline \text { A. } & 11.1433 . \\\hline \text { B. } & 9.3484 . \\\hline \text { C. } & 7.8147 . \\\hline \text { D. } & 9.4877 . \\\hline\end{array}$$

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Definitions:

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.

Production Budget

An estimate of all costs associated with manufacturing a product for a set period.

Sales Budget

An estimate of the expected total sales revenue and selling expenses of a company for a specific period, helping to plan financial activities.

Budgeted Volume

The predicted amount of work, sales, or production a company plans to achieve within a certain period, usually used for planning and performance evaluation.