For a Given Alpha Level,what Happens to the Critical Value

question 50

Multiple Choice

For a given alpha level,what happens to the critical value for a chi-square test if the number of categories is increased?​

• A)​The critical value also increases.
• B)​The critical value decreases.
• C)​The critical value depends on the sample size, not the number of categories.
• D)​The critical value is determined entirely by the alpha level.

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Definitions:

Transfer

The act of moving assets, liabilities, or ownership rights from one entity or account to another.

Share Capital

The funds that a company raises through the issuance of shares to investors, representing ownership in the company.

Fair Value

The cost at which an asset could be sold or a liability could be settled, assuming a smooth transaction occurs between participants in the market on the date of valuation.