I If There Are Only Two Cells in a Goodness-Of-fiT

question 116

Multiple Choice

i. If there are only two cells in a goodness-of-fit test, we should expect 5 or more frequencies.
ii. Chi-square goodness-of-fit test is the appropriate statistical test to use when you wish to
Determine how well an observed set of data fits an expected set of data.
iii. The null hypothesis in the goodness-of-fit test is that there is no difference.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Slope

In mathematics, it refers to the steepness or incline of a line, indicating the rate at which y-values change with respect to x-values.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.

Choice Set

The collection of all possible options available for selection by a decision-maker.

Leftover Income

The amount of income that remains after all necessary expenses, such as bills and living costs, have been paid.