A Variable Contains Four Categories $\alpha$ = 05, the Critical Chi-Square Value Is ___

question 30

Multiple Choice

A variable contains four categories.It is expected that data are uniformly distributed across these four categories.To test this, a sample of observed data is gathered on this variable resulting in frequencies of 22, 35, 32, and 21.Using $\alpha$ = .05, the critical chi-square value is ___.

• A)13.277
• B)15.086
• C)7.8147
• D)11.070
• E)15.546

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Definitions:

Sales Decrease

A decline in the volume or value of products or services sold by a company over a specific period.

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell, as well as managing the quantities of finished products that are available for sale.

EOQ

Economic Order Quantity, a formula used to determine the optimal order size that minimizes total inventory costs.

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and decrease waste.