How Many Degrees of Freedom Do We Use for the Chi

question 61

Multiple Choice

How many degrees of freedom do we use for the chi square goodness of fit test?

• A) k, where k represents the number of classes/categories.
• B) k - 1, where k represents the number of classes/categories.
• C) k - 1, where k represents the number of data values.
• D) k, where k represents the number of data values.

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Definitions:

Tender Offer

A type of takeover in which the aggressor corporation offers the target shareholders a price above their stock’s current market value.

Market Value

The estimated price at which a good or service would trade in a competitive marketplace.

Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Officer

An individual holding a position of authority or command, especially within a governmental, military, or corporate structure, responsible for enforcing laws or policies.