The ________ Tests the Goodness of Fit of the Observed

question 18

Multiple Choice

The ________ tests the goodness of fit of the observed number of observations in each category to the number expected under a specified binomial distribution.

• A)Mann-Whitney U test
• B)sign test
• C)binomial test
• D)runs test

---

Definitions:

Units-of-production

A depreciation method that allocates an asset's cost based on its usage, output, or units produced, rather than the passage of time.

Salvage Value

The estimated residual value of an asset at the end of its useful life, after accounting for depreciation or amortization.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.

Real Estate

Property consisting of land or buildings, including the natural resources and air space above the land.