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i. The chi-square goodness-of-fit test can be applied if there are equal or unequal expected frequencies.
Ii) For a goodness-of-fit test, the number of degrees of freedom is determined by k - 2, where k is the number of categories
Iii) The sum of the expected frequencies in a goodness-of-fit test need not equal the sum of the observed frequencies.
Debit
An entry recorded on the left side of an account in bookkeeping, indicating an increase in assets or expenses or a decrease in liabilities, equity, or income.
T Account
A T Account is a visual representation used in accounting to depict the debit and credit transactions affecting a particular account.
Credit Side
The credit side of an account in double-entry bookkeeping is where decreases in assets or expenses or increases in liabilities, equity, and income are recorded.
Debit Side
The left side of an account or transaction, used to record increases in assets, expenses, and dividend accounts, and decreases in liability, equity, and revenue accounts.
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