TABLE 12-19 As Part of an Evaluation Program, a Sporting Goods Retailer

question 48

Short Answer

TABLE 12-19
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles. She took 3 of each brand and determined their maximum downhill speeds. The results are presented in miles per hour in the table below

-Referring to Table 12-19, to use the chi-square critical value for the Kruskal-Wallis test, the sample size in each group has to be greater than ________.

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Definitions:

Revenue Closed

A term not commonly used in accounting standards. NO.

Owner's Capital

The amount of money and other assets invested in a business by its owner(s), which represents the owner’s claim against the company's assets.

Expenses

The costs incurred in the process of generating revenue, typically categorized as direct or indirect expenses in accounting.

Income Summary

An account to which all revenues and expenses are transferred at the end of an accounting period to compute the net income or loss for the period.