I the Chi-Square Goodness-Of-Fit Test Can Be Applied If There

question 96

Multiple Choice

i. The chi-square goodness-of-fit test can be applied if there are equal or unequal expected frequencies. ii. For a goodness-of-fit test, the number of degrees of freedom is determined by k - 2, where k is the number of categories.
iii. The sum of the expected frequencies in a goodness-of-fit test need not equal the sum of the observed frequencies.

• 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) is a correct statement, but (ii) and (iii) are false.

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Definitions:

Average Operating Assets

A measure of the investment needed to generate the operating income of a company, averaged over a period.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment relative to its cost.

Residual Income

The income that remains after all personal debts and expenses have been paid from one's net income.

Minimum Required Rate

The lowest acceptable return on investment required by an investor or manager.