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:

Accounting Information

Data related to the financial position and performance of an entity that is useful to users in making economic decisions.

Timeliness

The quality of being done at the appropriate or advantageous time, particularly in the context of information being available when it is needed.

Verifiability

An accounting principle that ensures all information reported is backed by evidence and can be confirmed by independent observers.

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.