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kotegsom [21]
3 years ago
12

When evaluating a chi-square test, describe the importance of the goodness of fit test. Provide an example and explain how the t

est is used to evaluate data. In replies to peers, provide additional examples not already discussed.
Business
1 answer:
schepotkina [342]3 years ago
6 0

Answer:

Explanation:

Whenever you merely have one categorical variable within a single population, the goodness fit test is utilized.  It's used to see if sample data matches a hypothesized or predicted distribution.

It's used to figure out how a particular phenomenon's observed value differs from the predicted value.

It can also be employed to make comparison of the observed sample to the sample distribution that should have been expected. It determines how closely the theoretical distribution corresponds to the empirical distribution.

Using this as an additional example that has not been discussed:

Consider a firm that produces a card deck. According to the company, 25% of its cards were clubs, 60% were diamonds but not hearts, and 15% were spades.  We may collect a random sample of card decks and do a goodness of fit test to check if our sample distribution varied substantially from the company's reported distribution.

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A regular checking account commonly earns interest true or false
gayaneshka [121]

Answer: False

Explanation: Traditionally, checking accounts are not interest-bearing accounts as savings accounts are, as they're designed for short-term cash that you'll spend soon. Savings accounts are better-known for earning interest, but these accounts ordinarily limit how often you can make certain withdrawals from the account.

Hope this helps! Brainlist?

7 0
3 years ago
Read 2 more answers
A single firm’s innovations in production technology often benefit the production of other firms because these other firms learn
Papessa [141]

Answer:

The answers are:

A) Yes

B) NO INFORMATION AVAILABLE FOR THIS PART

Explanation:

Innovation in production technologies usually cause a spillover effect. The benefits of introducing new production technologies can be found all across the nation.

The bad effect of this is that many times other companies don't even pay any type of royalties or licences for using new technologies, while benefiting from them.

For example, Henry Ford introduced the assembly line concept and the whole world benefited from this.

3 0
3 years ago
Identify and describe the purpose of the 3 types of employment forms.
Lilit [14]

Answer: Employee, worker and self-employed.

Explanation: An employee is an individual who has entered into or works (or worked) under the terms of a contract of employment.

A Worker A worker who is not an employee works under a contract whereby the individual.

A self-employed is the state of working by themself not as a employee .

5 0
3 years ago
Read 2 more answers
In 2019, Audrey claimed $2,100 on her Federal tax return for her Child and Dependent Care Expenses Credit. Her Federal adjusted
Maurinko [17]

Answer:

$1,050

Explanation:

Her adjusted gross income is $32,750, so she can claim maximum of 50% of Child and Dependent Care Expenses as CDC Credit

= $2,100 * 50%

= $1,050

So, the amount she can claim for the California Child and Dependent Care Expenses (CDC) Credit  is $1,050

5 0
3 years ago
An engineering student decides to invest $4,000 into a few aggressive stocks. Three years later the student sells the stocks for
const2013 [10]

Answer:

a 26%

Explanation:

The computation of the annual rate of return on this investment is as follows:

Let us assume n be no of years

Now

The Annual rate of return is

= (Ending value ÷  beginning value)^1 ÷ n - 1  

= ($8,000 ÷ $4000)^1 ÷ 3 - 1

= 0.2599

= 25.99 %

= 26%

hence, the annual rate of return is 26%

Therefore the correct option is a.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
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