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I Chi-Square Goodness-Of-Fit Test Is the Appropriate Statistical Test to Use

question 91

Multiple Choice

i. Chi-square goodness-of-fit test is the appropriate statistical test to use when you wish to determine how well an observed set of data fits an expected set of data. ii. The null hypothesis in the goodness-of-fit test is that there is no difference.
iii. The alternative hypothesis states that there is a difference between the observed frequencies and the expected frequencies in a goodness-of-fit test.


Definitions:

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or services, calculated before the costs are incurred based on estimated costs and activity levels.

Direct Labor-Hours

The total hours worked by employees that are directly involved in the production of goods or the provision of services.

Machine-Hours

A measure of the amount of time machines are operated in the manufacturing process, often used to allocate overhead costs.

Forming Department

A manufacturing sector focused on shaping or structuring materials into their desired forms.

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