A USBased Internet Company Offers an On-Line Proficiency Course in Basic

question 79

Multiple Choice

A U.S.based internet company offers an on-line proficiency course in basic accounting.Completion of this online course satisfies the "Fundamentals of Accounting" course requirement in many MBA programs.In the first semester 315 students have enrolled in the course.The marketing research manager divided the country into seven regions of approximately equal populations.The course enrollment values in each of the seven regions are given below.The management wants to know if there is equal interest in the course across all regions. Calculate the value of the chi-square statistic.

• A)0
• B)2.22
• C)15.56
• D)2.89

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Definitions:

Investment Turnover

A ratio that measures the efficiency of a company in using its investments to generate sales revenue, reflecting how effectively assets are being utilized.

Operating Income

The amount of profit realized from a business's operations after deducting operating expenses like wages, depreciation, and cost of goods sold.

Invested Assets

Items acquired or bought with the intention of earning income or profit.

Profit Margin

A financial metric displaying the percentage of revenue that remains as profit after all expenses have been deducted.