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One Use of the Chi-Square Goodness-Of-Fit Test Is to Determine

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One use of the chi-square goodness-of-fit test is to determine if specified multinomial probabilities in the null hypothesis are correct.


Definitions:

Amortization

The process of gradually writing off the initial cost of an intangible asset over a period.

Market Rate

The interest rate available in the marketplace for similar transactions.

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