A Chi-Square Test of a Contingency Table with 4 Rows

question 73

Multiple Choice

A chi-square test of a contingency table with 4 rows and 5 columns shows that the value of the test statistic is 22.18. Which of the following is the most accurate statement that can be made about the p-value for this test?

• A) p-value is greater than 0.05
• B) p-value is smaller than 0.025
• C) p-value is greater than 0.025 but smaller than 0.05
• D) p-value is greater than 0.10

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Definitions:

Target Market

The specific group of customers that a business aims to reach with its products, services, and marketing efforts.

Break-Even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, used to identify profitability thresholds.

Sales Forecast

An estimation of the amount of goods or services that will be sold within a specified future period, used for planning and managing business operations.

Expense Forecasts

Projections or estimates of future costs and expenses that a business or organization is likely to incur over a specific period.