Goodness-Of-Fit Chi-Square Is Used When There Is Only One Categorical

question 56

True/False

Goodness-of-fit chi-square is used when there is only one categorical variable being categorized.

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Definitions:

After-Tax Net

The amount of money that remains after all taxes have been deducted from revenue or income.

Annual Interest

The interest amount that is earned or paid on a financial instrument in one calendar year.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or property.

Bond Issue

A financing method for companies or governments to raise capital by issuing debt securities to investors, which are payable over a specified term.