What Is Indicated by a Large Value for the Chi-Square

question 42

Multiple Choice

What is indicated by a large value for the chi-square statistic?

• A)The sample data (observed values) do not match the null hypothesis.
• B)There is a good fit between the sample data (observed values) and the null hypothesis.
• C)The observed values from the sample data are consistently larger than the expected values.
• D)The observed values from the sample data are consistently smaller than the expected values.

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Definitions:

Outstanding Debt

The total amount of borrowed money that has not yet been repaid by the borrower.

Average Age

The mean age of a group of individuals or items, calculated by summing their ages and dividing by the number of individuals or items.

Mutual Funds

Investment vehicles made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Gross Earnings

The total income earned by an individual or company before any deductions or taxes are taken out.