Whenever the Expected Frequency of a Cell Is Less Than

question 44

True/False

Whenever the expected frequency of a cell is less than 5, one possible remedy for this condition is to combine it with one or more other cells.

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Definitions:

Bond Employees

A bond for employees, often called fidelity bond, is an insurance policy that protects the employer against financial loss due to the fraudulent activities of an employee or group of employees.

Internal Control System

A set of policies and procedures put in place by a company to safeguard assets, ensure financial data accuracy, and promote operational efficiency.

Risk of Loss

The potential for an investment or venture to result in financial loss.

Human Error

Mistakes made by individuals, often leading to accidents or failures in tasks or operations.