I for a Goodness-Of-Fit Test, the Number of Degrees of Freedom

question 48

Multiple Choice

i. For a goodness-of-fit test, the number of degrees of freedom is determined by k - 2, where k is the number of categories. ii. The sum of the expected frequencies in a goodness-of-fit test need not equal the sum of the observed frequencies.
iii. A goodness-of-fit test is a nonparametric test involving a set of observed frequencies and a corresponding set of expected 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) (iii) is a correct statement, but (i) and (ii) are false.

---

Definitions:

Direct Material Usage

The quantity of raw materials or supplies consumed in the production of goods or services.

Raw Materials Inventory

The total cost of all components and materials stored that are intended to be used in production.

Accounts Payable

Accounts payable represents the company's obligation to pay off a short-term debt to its creditors or suppliers.

Conversion

The process of changing an asset or security into another form, such as converting preferred stock into common stock or converting currencies.