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:

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and regulatory authorities.

Auditing

The process of reviewing and assessing the financial statements of an entity to ensure accuracy and compliance with accounting standards.

International Auditing Standards

Rules and guidelines set for auditing practices internationally to ensure consistency, reliability, and accuracy of financial statements.

Big Four

Refers to the four largest international accountancy and professional services firms, which are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG.