In a Goodness-Of-Fit Test, Suppose That the Value of the Test

question 63

Multiple Choice

In a goodness-of-fit test, suppose that the value of the test statistic is 11.89 and the degrees of freedom are 5. At the 5% significance level, the null hypothesis is:

• A) rejected and p-value for the test is smaller than 0.05
• B) not rejected, and p-value for the test is greater than 0.05
• C) rejected, and p-value for the test is greater than 0.05
• D) not rejected, and p-value for the test is smaller than 0.05
• E) none of these

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Definitions:

Projected Income Statement

A financial statement that estimates a company's revenue, expenses, and net income for a future period.

Cash Budgeting

A forecast of cash flows based on expected receipts and disbursements rather than on projections of income statement and balance sheet accounts.

Supporting Detail

Supplemental information that explains, clarifies, or provides proof for statements made in a document or report.

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