The Number of Degrees of Freedom in a Chi-Square Goodness-Of-Fit

question 35

True/False

The number of degrees of freedom in a chi-square goodness-of-fit test is the number of categories minus the number of parameters estimated.

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Definitions:

360-Day Year

A financial approximation that simplifies the calculation of interest by assuming each month has 30 days, resulting in a 360-day year.

Total Amount

The complete sum of money or quantitative count, including all relevant parts or items added together.

Simple Interest

Interest earned or paid on the initial principal amount of an investment or loan.

Exact Interest

A method of calculating interest based on a 365-day year or the actual number of days in a year.