The Residual, or the Difference, Between the Observed Frequency and the Expected

question 157

Multiple Choice

The residual, or the difference, between the observed frequency and the expected frequency is a reliable indicator.A standardized residual can also be computed for each cell.Which statements are true about standardized residuals?

• A)Standardized residuals that have a positive value mean that the cell was over-represented in the actual sample, compared to the expected frequency.
• B)The standardized residual can be compared against the critical z-value for your α level to determine significance.
• C)Standardized residuals can be used to test the null hypothesis that the actual frequency equals the expected frequency for a specific cell versus the research hypothesis of a difference greater than zero.
• D)Standardized residuals that have a negative value mean that the cell was under-represented in the actual sample, compared to the expected frequency.
• E)All of the above.

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Definitions:

Check Register

A record book or ledger that tracks all checks written, deposits made, and current balance of a checking account, aiding in personal financial management.

Bank Statement

A document provided by a bank that summarizes an account's transactions and balances over a specified period.

Outstanding Checks

Checks that have been written and recorded in accounting but not yet cleared or cashed by the bank.

Service Charge

An additional fee added to a customer's bill for the provision of certain services.