The Chi-Square Test Is Useful for Determining

question 87

Multiple Choice

The chi-square test is useful for determining:

• A) whether a significant relationship exists between two categorical variables.
• B) whether a significant relationship exists between two metric variables.
• C) whether a insignificant relationship exists between two metric variables.
• D) whether an observed relationship exists between two categorical variables.
• E) whether a significant relationship exists between two or more categorical variables.

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Definitions:

Current Ratio

A liquidity ratio measuring a company's ability to pay short-term obligations with its current assets.

Business Assets

Resources owned by a business that have economic value and can be used to generate income or provide future benefits.

Liabilities

Financial obligations or debts that a company owes to external parties, which need to be settled over time.

Liquidity

Liquidity is the ability of an asset to be quickly converted into cash or other assets without significant loss of value, indicating a company's ability to meet its short-term obligations.