I the Sum of the Expected Frequencies and the Sum

question 4

Multiple Choice

i. The sum of the expected frequencies and the sum of the observed frequencies must be equal.
ii. If the computed value of chi-square is less than the critical value, reject the null hypothesis at a predetermined level of significance.
Iii) If there are only two cells in a goodness-of-fit test, we should expect 5 or more frequencies.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

Operating Policies

Guidelines, rules, and procedures established by an organization to govern its operations and decision-making processes.

Asset Revaluation Reserve

An equity account that records increases in the carrying amount of a company's assets, reflecting changes in value over time.

General Reserve

A reserve fund set aside out of profits for the purpose of strengthening the company's financial position and fulfilling future needs or contingencies.

Acquisition Excess

The amount by which the purchase price of an acquired asset or business exceeds its fair value, often recognized as goodwill.