A Variable Contains Five Categories $\alpha$ = 01, the Observed Value of Chi-Square Is _______

question 19

Multiple Choice

A variable contains five categories.It is expected that data are uniformly distributed across these five categories.To test this, a sample of observed data is gathered on this variable resulting in frequencies of 27, 30, 29, 21, and 24.Using $\alpha$ = .01, the observed value of chi-square is _______.

• A)12.09
• B)9.82
• C)13.28
• D)17.81
• E)2.09

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Definitions:

Lower Prices

A pricing strategy adopted by businesses to attract more customers by offering goods or services at reduced costs compared to competitors.

Group Purchasing

The aggregation of purchasing orders from many buyers so that a volume discount can be obtained.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and in a given time period.

Lower Prices

A strategy or condition where the cost of goods or services is reduced to attract customers or gain a competitive edge in the market.