A Chi-Square Test Should Be Used with Caution When

question 22

Multiple Choice

A chi-square test should be used with caution when:

• A)the population is not assumed to be normally distributed.
• B)the total sample size exceeds 100.
• C)there is an expected frequency > 5.
• D)there is an expected frequency < 5.

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Definitions:

Merchandise Inventory

Goods a company intends to sell in the normal course of business, tracked in an account for accounting and management purposes.

Estimated Cost

An approximation of the financial expenses associated with a project, product, or service before it is fully realized.

Physical Inventory

A process of counting all the physical goods and inventory in a store or warehouse at a specific point in time.

Merchandise Sold

The total quantity of goods that have been sold by a business within a particular period.