In a Goodness-Of-Fit Test, the Degrees of Freedom Are Equal

question 42

True/False

In a goodness-of-fit test, the degrees of freedom are equal to the number of categories minus two.

---

Definitions:

Units Completed

The total number of finished products that a company has manufactured during a specific period.

Total Amount

The aggregate or full quantity of something, often referring to the sum total in a financial context.

Transferred Out

In cost accounting, this term refers to goods that have been completed in one production process or department and are moved to the next stage in the production process.

Cost Reconciliation Report

A document that reconciles the total costs allocated to completed and ongoing jobs with the total costs recorded in the accounting records.