I Small Differences Between Observed and Expected Frequencies Are Due

question 32

Multiple Choice

i. Small differences between observed and expected frequencies are due to chance.
ii. The chi-square distribution with large degrees of freedom approaches a normal distribution.
iii. The chi-square distribution is positively skewed.

• 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:

Current Ratio

A financial ratio assessing a firm's capacity to fulfill its short-term liabilities using its current assets.

Short-Term Liquidity

An indicator of a company's ability to meet its short-term financial obligations using assets that can be quickly converted into cash.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term obligations with its most liquid assets.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.