A University Has Six Colleges and Takes a Poll to Gauge

question 2

Multiple Choice

A university has six colleges and takes a poll to gauge student support for a tuition increase.The university wants to ensure each college is represented fairly.The below table shows the observed number of students who participate in the poll from each college and the actual proportion of students in each college. For the goodness-of-fit test,the assumed degrees of freedom are _____.

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Consolidated Financial Statements

Financial statements that present the assets, liabilities, and operating results of a parent company and its subsidiaries as if the group were a single entity.

Ownership Percentage

The share of a company or property owned by an individual or entity, often expressed as a portion of 100%.

Direct Combination Costs

Expenses directly associated with the process of merging two or more companies, such as legal fees, advisory services, and administrative expenses.

Contingent Consideration

A future payment in a business acquisition that is dependent on specific conditions being met, often related to the target company's performance.