Exhibit 12.2 A university has six colleges and takes a poll to gauge student support for a tuition increase.The university wants to insure each college is represented fairly.The below table shows the observed number students that participate in the poll from each college and the actual proportion of students in each college. 
Refer to Exhibit 12.2.What is the value of the goodness-of-fit test statistic?
Definitions:
Desired Rate
The specific rate of return that an investor aims for on an investment.
Annual Dividends
The total dividend payment a shareholder receives from a company over the course of a year.
Projected Increase
An estimate or forecast of how much a certain metric, such as sales or profits, is expected to grow in a future period.
Dividend Growth
The rate at which a company's dividend payments increase over time, reflecting its ability to continually raise the amount of money returned to shareholders.
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