I for a Goodness-Of-Fit Test, the Following Are Possible Null

question 81

Multiple Choice

i. For a goodness-of-fit test, the following are possible null and alternate hypotheses. Null: Sales are uniformly distributed among the five locations. Alternate: Sales are not uniformly distributed among the five locations.
Ii) In the goodness-of-fit test, the chi-square distribution is used to determine how well an observed set of observations "fits" an "expected" set of observations.
Iii) The sum of the expected frequencies and the sum of the observed frequencies must be equal.

• 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:

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Equation of Exchange

An economic equation (MV = PQ) that relates the money supply (M) and its velocity (V) to the price level (P) and quantity of goods sold (Q).

MV = PQ

An equation of exchange in economics that states money supply times the velocity of money equals the price level times the output (quantity of goods and services produced).

Big Government

A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.