Perform a Test for Independence
-In A $\chi ^ { 2 }$

question 32

Multiple Choice

Perform a Test for Independence
-In a $\chi ^ { 2 }$ test of independence, the null hypothesis is that

• A) there is not an association.
• B) there is an association.
• C) each element of each set has the same probability of occurrence.
• D) the random variables are dependent.

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Definitions:

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that reports a company's revenues and expenses over a specific period, resulting in a net profit or loss.

Asset Section

The asset section is part of a balance sheet that lists all assets owned by a company, including current, fixed, and intangible assets.

Utility Expense

Costs incurred for services such as electricity, gas, water, and sewer, which are necessary for operating a business.