Which Statement Is Not True for Goodness-Of -Fit Tests

question 33

Multiple Choice

Which statement is not true for goodness-of -fit tests?

• A) Observed frequencies must be whole numbers.
• B) Expected frequencies must be whole numbers.
• C) The expected frequency is found assuming that the distribution is as claimed.
• D) The observed frequency is found from sample data values.

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Definitions:

Transfer Price

The price at which goods and services are sold between departments or divisions within the same company or between affiliated companies.

Variable Cost

Costs that vary in direct proportion to changes in levels of output or activity, such as raw materials and direct labor.

Total Income

The sum of all revenues and gains a company earns during a period, before any deductions are made.

Missing Items

Goods or inventory that are unaccounted for due to loss, theft, or error within a business's operations.