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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. If the computed value of chi-square is less than the critical value, reject the null hypothesis at a predetermined level of significance.
Infinite Series
A series that continues indefinitely, represented by an infinite sum of terms.
Depreciates
The process of an asset losing value over time due to use, wear and tear, or obsolescence.
Depreciated Value
The reduced worth of an asset over time due to wear and tear or obsolescence.
Increasing Annuity
A type of annuity payment that grows at a certain rate or percentage over time.
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