A Real Estate Company Is Analyzing the Selling Prices of Residential

question 54

Multiple Choice

A real estate company is analyzing the selling prices of residential homes in a given community.140 homes that have been sold in the past month are randomly selected and their selling prices are recorded.The statistician working on the project has stated that in order to perform various statistical tests,the data must be distributed according to a normal distribution.In order to determine whether the selling prices of homes included in the random sample are normally distributed,the statistician divides the data into 6 classes of equal size and records the number of observations in each class.She then performs a chi-square goodness-of-fit test for normal distribution.The results are summarized in the following table What are the degrees of freedom for the chi-square test?

• A) 2
• B) 3
• C) 4
• D) 5
• E) 6

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Definitions:

Acquisition

The process of acquiring control over another company, either through the purchase of its shares or assets.

Intragroup Transaction

Transactions that occur between two entities within the same group of companies, often needing elimination during consolidation for accurate financial reporting.

NCI Adjustment

Adjustments made to reflect the share of earnings or losses attributable to non-controlling interests in a subsidiary.

Tax Rate

is the percentage at which an individual or corporation is taxed by the government on their income or profit.