All categories

4 years ago

The chi-square goodness-of-fit test for multinomial probabilities with 5 categories has _____ degrees of freedom.

Business

1 answer:

bija089 [108]4 years ago

3 0

Answer:

Explanation:

The chi-squared test tests whether distribution of a population of something (such as people, traits etc) into categories deviates significantly from expected values.

The degrees of freedom represents the number of independent ways by which a system can change. The degree of freedom is always the number of categories being analyzed minus 1.

Therefore, the degrees of freedom in this example is 5-1 = 4

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Stone Corporation Stone Corporation adds material at the start to its production process and has the following information avail

zloy xaker [14]

Answer:

Option B

Equivalent units =32,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion production costs between work in progress and finished work.

The equivalent units of material = degree of completion × units

Equivalent unit of materials

Item Units Workings Equivalent unit

opening inventory 7000 0%× 7000 0

Fully worked 29,500 100% × 29500 29,500

Closing inventory 2,500 100%× 2500 2,500

Total equivalent units of materials 39,000

Notes

1. Degree of completion for opening inventory is 100%-100%= 0%. Remember that materials are added at the beginning; so the material content for the opening inventory has already been completed added in the previous period i.e July

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in the period. it is equal to the units introduced = 32,000 - 2500 =29500

3. Closing work in progress material content will be is 100% completed. This represent work started this period but not yet completed.

Equivalent units for the month of August for materials = 0 + 29500 + 2500= 32,000 units

Equivalent units =32,00o units

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4 years ago

In crafting a company's strategy, managers _________. Group of answer choices need to come up with a sustainable competitive adv

liubo4ka [24]

Answer:

Need to come up with a sustainable competitive advantage that draws in customers and produces a competitive edge over rivals.

Explanation:

The main objective of every company is to earn profits and grow in the market. But to attain that objective company needs to formulate and implement some business strategies which shall provide them the edge to success.

The management has the duty to run the company with the resources available and optimise them at their best.

To attain maximum profit the management shall formulate a strategy that shall provide the customers with maximum benefits with the product, and the business an extra edge to market share so that the competitors fall behind and the business gains maximum reach.

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If the expenditure multiplier is 2. 5 and the government spending increases by $4 billion, what would be the increase in the rea

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The increase in the real GDP would be $10 billion.

GDP measures the financial fee of very last items and offerings—this is, those that are bought with the aid of the final user—produced in a rustic in a given time frame (say a quarter or a year). It counts all of the output generated within the borders of a country.

Gross domestic product is an economic degree of the market value of all of the very last goods and services produced in a specific term by way of countries. Due to its complex and subjective nature, this degree is frequently revised before being considered a reliable indicator.

GDP can be calculated by adding up all of the cash spent by customers, groups, and the government in a given period. it can additionally be calculated with the aid of adding up all the cash obtained by using all of the participants inside the economy. In either case, the wide variety is an estimate of "nominal GDP."

Learn more about GDP here brainly.com/question/9775032

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2 years ago

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True.

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