How Do You Find the Probabilities Needed to Obtain Expected

question 173

Multiple Choice

How do you find the probabilities needed to obtain expected frequencies for a test of a contingency table?

• A)If there are r rows and c columns,let each probability be 1/rc.
• B)Use the probabilities specified in the null hypothesis.
• C)Assume H₀ is true and use your data to calculate them.
• D)None of these choices.

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Definitions:

Product Margin

The profit made from selling a product, calculated by subtracting the cost of manufacturing and selling that product from its sale price.

Machine-Hours

A measure of production time, indicating the hours that machines are in operation.

Number of Batches

The total count of groups or sets of items processed or produced together within a given time period, often used in manufacturing and quality control.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on their usage of resources, providing more accurate product cost information.