In a Goodness-Of-Fit Test, Suppose That the Value of the Test

question 66

Multiple Choice

In a goodness-of-fit test, suppose that the value of the test statistic is 11.89 and the degrees of freedom are 5. At the 5% significance level, what may one conclude about the null hypothesis?

• A) It is rejected, and the p-value for the test is smaller than 0.05.
• B) It is not rejected, and the p-value for the test is greater than 0.05.
• C) It is rejected, and the p-value for the test is greater than 0.05.
• D) It is not rejected, and the p-value for the test is smaller than 0.05.

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Definitions:

Projected Sales

The estimated amount of sales revenue that a company expects to achieve in a future period based on market research and historical data.

Company Policy

Guidelines and rules established by a company to govern its actions and decisions.

Units Purchased

This refers to the total quantity of goods or inventory bought by a company during a specific accounting period.

Ending Raw Materials

is the value of all raw materials that remain unused at the end of an accounting period, which will be used in future production processes.