The Chi-Square Test of Independence Is Based Upon

question 134

Multiple Choice

The chi-square test of independence is based upon:

• A) two qualitative variables.
• B) two quantitative variables.
• C) three or more qualitative variables.
• D) three or more quantitative variables.

---

Definitions:

Perpetual Inventory System

An inventory management approach where inventory levels are updated in real time with each sale or purchase.

Gross Method

A method in accounting that logs purchases using the total invoice amount, not considering any cash discounts that are available.

Operating Cycle

The operating cycle is a measure of the time period between the acquisition of inventory by a business and the collection of cash from accounts receivable, indicating the efficiency and effectiveness of its operations.

Wholesaler

A wholesaler is a person or company that sells goods in large quantities at lower prices, typically to retailers for resale to the end consumers.