A Survey Was Recently Conducted in Which Random Samples of Car

question 38

Multiple Choice

A survey was recently conducted in which random samples of car owners of Chrysler,GM,and Ford cars were surveyed to determine their satisfaction.Each owner was asked to rate overall satisfaction on a scale of 1 (poor) to 1000 (excellent) .The following data were recorded: If the analysts are not willing to assume that the population ratings are normally distributed and will use the Kruskal-Wallis test to determine if the three companies have different median ratings,what is the appropriate critical value if the test is to be conducted using an alpha = .05 level?

• A)= 5.05
• B)χ² = 5.99
• C)χ² = 24.99
• D)= 3.67

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Definitions:

Negative Goodwill

A situation that occurs when the purchase price of a company is less than the fair value of its net assets, often recognized as a gain in the acquirer's profit and loss account.

Identifiable Net Assets

Assets of an acquired company that can be assigned a fair value and are capable of being separated or divided from the entity for recognition during an acquisition.

Contingent Consideration

Contingent consideration refers to a payment that may be required in the future, the amount of which depends on certain events or conditions that may or may not happen.

Fair Value

The estimated price at which an asset or liability could be traded in an arm's length transaction between informed, willing parties.