I for a Goodness-Of-fiT Test, the Following Are Possible Null

question 40

Multiple Choice

i. For a goodness-of-fit test, the following are possible null and alternate hypotheses. Null: Sales are
Uniformly distributed among the five locations. Alternate: Sales are not uniformly distributed among
The five locations.
ii. The number of degrees of freedom appropriate for the chi-square goodness-of-fit test is the
Number of categories minus 1.
iii. If there are extremely large differences between observed and expected frequencies the correct
Decision is to accept H0.

• 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:

Excess Space

Excess space refers to the additional or unused space within a property or facility that exceeds the current needs of the occupants or users.

Materiality Constraint

An accounting principle that allows for the exclusion of insignificant financial information from reports because it would not impact decision-making.

Accounting Information

Data related to financial transactions and status of a business, used for analysis, decision making, and financial reporting.

Ending Retained Earnings

The amount of net income left over for the business after it has paid out dividends to its shareholders, captured at the close of an accounting period.