The Method That Uses the Formula $\chi ^ { 2 } = \sum \frac { ( | O - E | - 0.5 ) ^ { 2 } } { E }$

question 47

Short Answer

The method that uses the formula $\chi ^ { 2 } = \sum \frac { ( | O - E | - 0.5 ) ^ { 2 } } { E }$
is called the________ correction for continuity.

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Definitions:

Payback Method

A financial analysis tool used to determine the time required to recover the cost of an investment.

Future Cash Flows

Estimated future financial transactions that involve the inflow or outflow of money over a period of time.

Capital Cost Allowance

Refers to the depreciation expense that a company can claim for tax purposes on tangible and intangible assets over their useful life.

Tax Shield

The reduction in income taxes that results from taking allowable deductions from taxable income.