The χ² Statistic from a Contingency Table with 6 Rows

question 37

Multiple Choice

The χ² statistic from a contingency table with 6 rows and 5 columns will have

• A) 30 degrees of freedom.
• B) 24 degrees of freedom.
• C) 5 degrees of freedom.
• D) 20 degrees of freedom.
• E) 25 degrees of freedom.

---

Definitions:

Put Option

A financial agreement that provides the purchaser with the option to sell a certain quantity of an underlying asset at a predetermined price during a set timeframe, without being required to do so.

Exercise Price

The rate at which an individual possessing an option can execute a purchase (in call option scenarios) or a sale (in put option scenarios) of the underlying asset.

Stock Price

The cost of purchasing a share of a company, which fluctuates based on market demand, company performance, and economic conditions.

Put Option

An option contract in finance that grants the buyer the privilege to sell a specific amount of an underlying asset at an agreed price, within a designated period, without the necessity to proceed.