The Phi-Coefficient Is Used to Evaluate Effect Size for a Chi-Square

question 5

True/False

The phi-coefficient is used to evaluate effect size for a chi-square test for goodness of fit provided there are only two categories.​

---

Definitions:

Actual Overhead Cost

The real expenses incurred during production that are not directly tied to specific products, including electricity, rent, and managerial salaries.

Direct Labour-Hours

The total hours worked by employees that are directly involved in the manufacturing process of a product.

Overapplied Overhead

A condition where the overhead applied to products or services exceeds the actual overhead costs incurred.

Overapplied Manufacturing Overhead

A situation where the amount of overhead allocated to products exceeds the actual overhead incurred.