I Chi-Square Test Statistic Used in a Goodness-Of-fiT Test Has

question 84

Multiple Choice

i. Chi-square test statistic used in a goodness-of-fit test has k - 1 degrees of freedom.
ii. The chi-square goodness-of-fit test can be applied if there are equal or unequal expected
Frequencies.
iii. For a goodness-of-fit test, the number of degrees of freedom is determined by k - 2, where k is
The number of categories.

• 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:

Ledger Accounts

These are individual accounts in accounting that record transactions related to a company's assets, liabilities, equity, revenue, and expenses in a double-entry bookkeeping system.

Net Income

Represents the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.

Adjusting Entries

Adjusting Entries are journal entries made in accounting records at the end of an accounting period to update accounts for accruals and deferrals not recorded during the period.

Real Account

An accounting record that represents assets, liabilities, and owner’s equity, and is not closed at the end of the accounting period but carried over to the next.