A Statistical Test Conducted to Determine Whether to Reject or Not

question 81

Multiple Choice

A statistical test conducted to determine whether to reject or not reject a hypothesized probability distribution for a population is known as a

• A)contingency test
• B)probability test
• C)goodness of fit test
• D)None of these alternatives is correct.

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Definitions:

Insurance Agent

A professional authorized to sell and manage insurance policies on behalf of insurance companies.

Homeowners' Policy

An insurance policy that provides coverage for damages to a person's home and assets in the home, along with liability coverage for accidents that occur within the home or on the property.

Exclusion

The act of preventing someone's participation or denying access to a group, area, or benefit.

Life Insurance Contract

An agreement in which an insurer promises to pay a designated beneficiary a sum of money upon the insured person's death, in exchange for premiums paid by the policyholder.