I Chi-Square Goodness-Of-Fit Test Is the Appropriate Statistical Test to Use

question 53

Multiple Choice

i. Chi-square goodness-of-fit test is the appropriate statistical test to use when you wish to determine how well an observed set of data fits an expected set of data
Ii) The null hypothesis in the goodness-of-fit test is that there is no difference.
Iii) The alternative hypothesis states that there is a difference between the observed frequencies and the expected frequencies in a goodness-of-fit test.

• 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:

Marginal Tax Bracket

The tax rate that applies to the last dollar of the taxpayer's income, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Equivalent Taxable Yield

The pretax yield on a taxable bond providing an after-tax yield equal to the rate on a tax-exempt municipal bond.

Yield to Maturity

The total return anticipated on a bond if the bond is held until it matures, including all interest payments and the return of principal.