A Chi-Square Test for Independence with 8 Degrees of Freedom

question 62

Multiple Choice

A chi-square test for independence with 8 degrees of freedom results in a test statistic of 18.21.Using the chi-square table,the most accurate statement that can be made about the p-value for this test is that:

• A)p-value < 0.01
• B)0)01< p-value < 0.025
• C)0)025 < p-value < 0.05
• D)0)05 < p-value < 0.10

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Definitions:

Transnational Strategy

A business approach that combines global integration with local responsiveness to efficiently manage operations across borders.

Market Entry

The process or strategy by which a company enters a new market or industry, confronting barriers to entry and competition.

Advantages

The positive attributes or strengths of a product, service, or strategy that make it more appealing to consumers compared to competitors.

Flexibility

The ability to adapt to changes, challenges, and new circumstances in an efficient and responsive manner, often considered critical in business strategy and operations.