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

question 124

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 following are possible null and alternate hypotheses. Null: Sales are uniformly distributed among the five locations. Alternate: Sales are not uniformly distributed among the five locations.
iii. The number of degrees of freedom appropriate for the chi-square goodness-of-fit test is the number of categories minus 1.

• 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:

Maximum Possible Loss

The worst-case scenario loss that an investor or business could experience in their investment or operation.

Initial Margin

Initial Margin is the minimum amount of capital required to enter a position for trading in the securities market.

Borrowed

The act of receiving something with the promise to return it or its equivalent, often referring to funds obtained with the agreement to pay back with interest.

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.