I If the Computed Value of Chi-Square Is Less Than

question 34

Multiple Choice

i. If the computed value of chi-square is less than the critical value, reject the null hypothesis at a predetermined level of significance. ii. The alternative hypothesis states that there is a difference between the observed frequencies and the expected frequencies in a goodness-of-fit test.
iii. There are 2 degrees of freedom for a contingency table classifying three levels of income with each gender.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or output in the short term.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Total Cost

The total of all costs associated with producing goods or services, encompassing both constant and fluctuating expenses.

Total Variable Cost

The overall expense that changes in direct proportion to the quantity of output produced or services offered.