The Number of Degrees of Freedom for a Contingency Table

question 86

Multiple Choice

The number of degrees of freedom for a contingency table with 6 rows and 6 columns is:

• A) 36
• B) 25
• C) 12
• D) 6
• E) 0

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Definitions:

Business Value

The importance or worth of something to a business, including tangible and intangible benefits that contribute to the company's success.

Balance Sheet

Also known as a “statement of financial position”; reveals a company’s assets, liabilities and owner’s equity (net worth).

Financial Position

Refers to the status of an entity's assets, liabilities, and equity at a specific point in time, providing insight into its economic situation.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, managed through a specific accounting methodology.