Examlex

Solved

Solve the Problem χ2\chi ^ { 2 } Values Can Be Approximated as Follows

question 57

Multiple Choice

Solve the problem. For large numbers of degrees of freedom, the critical χ2\chi ^ { 2 } values can be approximated as follows: χ2=12(z+2k1) 2\chi ^ { 2 } = \frac { 1 } { 2 } ( z + \sqrt { 2 k - 1 } ) ^ { 2 } , where k\mathrm { k } is the number of degrees of freedom and zz is the critical value. To find the lower critical value, the negative zz -value is used, to find the upper critical value, the positive zz -value is used. Use this approximation to estimate the critical value of χ2\chi ^ { 2 } in a two-tailed hypothesis test with n=104n = 104 and α=0.10\alpha = 0.10 .


Definitions:

Common Expenses

Recurring costs that are shared among entities within a business, typically for maintenance and administrative services.

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and taxes.

Allocation Method

A way of assigning and distributing costs or revenues among different departments, projects, or entities within an organization.

Audit Report

A document prepared by an auditor which expresses an opinion on whether financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.

Related Questions