A Chi-Square Goodness-Of-Fit Test Is to Be Performed to See

question 76

Multiple Choice

A chi-square goodness-of-fit test is to be performed to see if data fit the Poisson distribution. There are 8 categories, and λ must be estimated. How many degrees of freedom should be used?

• A) 8
• B) 7
• C) 6
• D) 5
• E) 4

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Definitions:

Accounting Information Processing Cycle

The series of steps followed in the accounting process to record, classify, summarize, and report a business's financial transactions.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the appropriate period for a more accurate financial statement.

Earnings Per Share

A financial metric that measures the net income earned per share of a company's outstanding stock.

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have been incurred but not previously recorded.