A Chi-Square Goodness of Fit Test Is to Be Performed

question 51

Multiple Choice

A chi-square goodness of fit test is to be performed to see if data fit the Poisson distribution.There are 6 categories, and lambda must be estimated.How many degrees of freedom should be used?

• A)6
• B)5
• C)4
• D)3
• E)2

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Definitions:

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A method of depreciation in which an asset loses value at a faster rate in the initial years of its life, often used to reflect higher usage or obsolescence.

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FASB Conceptual Framework

A set of objectives and fundamentals developed by the Financial Accounting Standards Board to guide the creation of accounting standards.