A Variable Contains Four Categories $\alpha$ = 05, the Observed Chi-Square Value Is ___

question 8

Multiple Choice

A variable contains four categories.It is expected that data are uniformly distributed across these four categories.To test this, a sample of observed data is gathered on this variable resulting in frequencies of 22, 35, 32, and 21.Using $\alpha$ = .05, the observed chi-square value is ___.

• A)5.418
• B)9.10
• C)20.27
• D)4.51
• E)7.86

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Definitions:

Fixed Manufacturing Costs

Overheads or expenses that do not change with the level of production, such as rent and salaries.

Costing Approach

A costing approach is a method or technique used to determine the cost of a product or service, which can include different methodologies like absorption costing or activity-based costing.

Finished Goods Inventory

Represents the stock of completed products that are ready to be sold but have not yet been sold to customers.

Contribution Margin Ratio

The percentage of each sales dollar remaining after variable costs have been subtracted, indicating how much contributes to covering fixed costs and generating profit.