What Is the Decision Regarding the Differences Between the Observed

question 154

Multiple Choice

What is the decision regarding the differences between the observed and expected frequencies if the critical value of chi-square is 9.488 and the computed chi-square value is 6.079?

• A) Fail to reject the null hypothesis; the difference is probably due to sampling error.
• B) Reject the null hypothesis.
• C) Fail to reject the alternate hypothesis.
• D) Too close; reserve judgment.

---

Definitions:

IASB's Conceptual Framework

A comprehensive set of accounting principles and concepts issued by the International Accounting Standards Board to guide the development of standards.

Financial Reporting

Generating communications that present the financial situation of a corporation to its management team, shareholders, and the government.

General Purpose

An undirected goal, usually implying flexibility and adaptability to a variety of situations or tasks.

Objective

A goal or aim that is sought after; in business, this often refers to specific targets companies aim to achieve.