Use the table for the question(s) below.
Statement of Financial Position
-If the above statement of financial position is for a retail company,what indications about this company would best be drawn from the changes in leverage between 2014 and 2015?
Definitions:
Chi-squared Test
A statistical test used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.
Contingency Table
A type of table used in statistical analysis to summarize the relationship between several categorical variables.
Nominal Data
Refers to data classified into categories that cannot be ordered in any meaningful way, such as types of fruit or colors.
Chi-squared Test
A numerical method employed to ascertain whether a notable discrepancy exists between the anticipated frequencies and the actual frequencies across one or several categories.
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