What Is the Decision Regarding the Differences Between the Observed

question 154

Multiple Choice

What is the decision regarding the differences between the observed and expected frequencies if the critical value of chi-square is 9.488 and the computed chi-square value is 6.079?

• A) Fail to reject the null hypothesis; the difference is probably due to sampling error.
• B) Reject the null hypothesis.
• C) Fail to reject the alternate hypothesis.
• D) Too close; reserve judgment.

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Definitions:

Credit Commitment

An agreement by a lender to extend a specified amount of credit to a borrower under certain terms and conditions.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.

Conditional Sales Contract

A sale agreement stating that the sale is conditional upon certain terms, often including the circumstances under which ownership is transferred.

Invoice

A document issued by a seller to a buyer, detailing a transaction and requesting payment for goods supplied or services rendered.