Consider the Following to Answer the Question(s) Below

question 3

Multiple Choice

Consider the following to answer the question(s) below:
Vending machines on a college campus offer a variety of drinks. The purchasing agent believes that each type of drink is equally preferred by students and consequently orders equal quantities. The number of drinks sold from vending machines on this campus for the last six months is shown in the following table.

-The correct value of the test statistic is

• A) χ2 = 8.012.
• B) χ2 = 12.019.
• C) χ2 = 0.984.
• D) χ2 = 45.014.
• E) χ2 = 64.192.

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Definitions:

Trial Balance Totals

The sum balances of all ledgers in a double-entry bookkeeping system, used to ensure that debits equal credits.

Normal Balances

Normal balances refer to the side (debit or credit) on which an increase in the account balance is recorded, based on double-entry accounting principles.

Liabilities

Financial obligations or debts owed by a business to external parties or individuals.

Accounts Payable

Funds that a company needs to pay back to its suppliers or creditors for products and services that it has acquired.