A Chi-Square Test for Independence Is Being Used to Evaluate

question 60

Multiple Choice

A chi-square test for independence is being used to evaluate the relationship between two variables.If the test has df = 3,what can you conclude about the two variables?

• A)One variable consists of 2 categories and the other consists of 3 categories.
• B)One variable consists of 2 categories and the other consists of 4 categories.
• C)Both variables consists of 2 categories.
• D)Both variables consists of 3 categories.

---

Definitions:

Cash Budget

A financial plan that projects future cash flow by estimating incoming cash receipts and outgoing cash payments.

Loans Outstanding

The total amount of borrowed money that is still owed to lenders.

Budgeted Purchases

The estimated amount of purchases a company plans to make in a future period, often part of a budgeting process.

Budgeted Ending Inventory

The estimated value or quantity of inventory that a company plans to have on hand at the end of a financial period.