The Chi Square Goodness-Of-Fit Test Can Be Used When________

question 26

Multiple Choice

The chi square goodness-of-fit test can be used when________.

• A) degrees of freedom are less than one.
• B) column percentages are equal.
• C) sample size is very large.
• D) the distribution of a single variable must be tested for significance.

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Definitions:

Years

A unit of time representing a period of 365 or 366 days, used as a measure of time for financial calculations and forecasts.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock.

Annual Dividend

The total amount of dividend payments a company distributes to its shareholders in a year.

Rate of Return

The built-up gain or incurred loss on an investment over a determined timeframe, expressed as a fraction of the cost of investment.