Wages of $30 000 Were Paid in June for Work

question 58

Multiple Choice

Wages of $30 000 were paid in June for work done in June;$5000 of wages were owed at end of June for work done in June;and an invoice for $8000 was received for June advertising to be paid in July.What are total expenses for June 2016?

• A) $30 000
• B) $35 000
• C) $43 000
• D) $30 000.

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Definitions:

Two Categories

Descriptive of data or entities that can be divided into two distinct groups.

Chi-squared Goodness-of-fit

A statistical test used to determine if observed data matches the expected distribution of a given hypothesis.

Chi-squared Tests

Statistical tests used to determine if there is a significant difference between observed frequencies and the frequencies expected under a specific hypothesis.

Nominal Data

Categorical data that cannot be logically ordered or ranked.