Following Are Observed Frequencies $\begin{array} { l | l l l l l } \text { Category } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Observed } & 51 & 32 & 11 & 13 & 16\end{array}$

question 10

Multiple Choice

Following are observed frequencies. The null hypothesis is H₀: p₁=0.35, p₂=0.3, p₃=0.1,p₄=0.15, p₅=0.1

$\begin{array} { l | l l l l l } \text { Category } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Observed } & 51 & 32 & 11 & 13 & 16\end{array}$

Test the hypothesis that the distribution of the observed frequencies is as given by the null hypothesis $\alpha = 0.01$ level of significance.

• A) Do not reject H₀
• B) Reject H₀

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Definitions:

Fixed Costs

Expenses that do not change with the amount of goods or services produced over a short period.

Variable Costs

Costs that vary directly with the level of production or service provision.

Fixed Costs

Expenses that do not change with the level of goods or services produced over a short time.

Variable Costs

Expenses that change in proportion to the activity or production level of a business.