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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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Milea Inc. experienced the following events in Year 1, its first year of operations: Received $13,500 cash from the issue of com
Flura [38]

Answer:

Explanation:

Income statement

For the year ended December 31, year 1

Revenue:  

Service revenue  45000

Expense:  

Utilities expense 1100  

Salary expense 8100  

Total expense  9200

Net income  35800

Statement of Changes in Stockholders' Equity

For the Year Ended December 31, Year 1

Beginning common stock:              -    

Common stock issued       13,500  

Ending common stock        13,500

Beginning retained earnings              -    

Net income       35,800

Dividends          (1100)  

Ending retained earnings        34,700

Total stockholders' equity        48,200

Balance Sheet

As of December 31, Year 1

Assets  

Cash(13500+35270-1100-1100)       46,570

Accounts receivable(45000-35270)         9730

Total assets        56,300

Liabilities  

Salaries payable         8100

Total liabilities          8100

Stockholders' Equity  

Common stock       13,500

Retained earnings       34,700

Total stockholders' equity        48,200

Total liabilities and stockholders' equity        56,300

Statement of Cash Flows

For the Year Ended December 31, Year 1

Cash flow from operating activities  

Cash received from customers       35,270

Cash paid for utility expense       (1,100)  

Net cash flow from operating activities        34,170

Cash flow from investing activities                -  

Cash flow from financing activities  

Issuance of common stock       13,500  

Cash paid for dividends          (1100)  

Net cash flow from financing        12,500

Net change in cash        46,670

Beginning cash balance                -  

Ending cash balance        46,670

7 0
3 years ago
Sally Company manufactures large kitchen appliances. For the first year of purchase, the company will repair any manufacturing d
zzz [600]

Answer:

warranty

Explanation:

A warranty is a guarantee from a seller to  buyer promising to if necessary repair or replace the purchased item with a stated period.

8 0
3 years ago
1. What is the Law of Demand?
Ivanshal [37]

ok ok poko kdwkdwExplanation:

3 0
3 years ago
Stocks and bonds:______
trasher [3.6K]

Answer: d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange

Explanation:

Checking accounts : Is a type of account operated with a financial institution that allows the customer to deposit and also make withdrawals. It is also knowns as transactional accounts. In running a checking account, account owners can have access to their money using debit cards, and the use of cheque.

•What makes checking account different from other types of bank account is that it allows the owner to make numerous withdrawals and there is also no limit to deposits.

Stock: Is an investment owned by an individual or groups through the purchase of shares from a company, it could also be a certificate issued to indicate ownership of shares in an organization.

•It is a a way of investing for an investor because as the stock grows the money also grows and also a means of raising money for an organization.

Bonds: Are issued by an organization in other to raise capital, they are securities with fixed income. The bond holder lends money to the bond issuer and the money is paid back at a fixed payment rate within a period.

8 0
3 years ago
The UpTowner just paid a $3.45 annual dividend. The company has a policy of increasing the dividend by 4.5 percent annually. You
Basile [38]

Answer:

$41.74

Explanation:

For computing the price, first , we need to calculate the current price which is shown below:

= Last dividend × ( 1 + growth rate)  ÷ (Required rate of return - growth rate)

= $3.45 × ( 1 + 0.045) ÷ (14.8% - 4.5%)

= $3.60525 ÷ 10.3%

= $35

Now the price would be

= Current price × ( 1 + growth rate) ^ years

= $35 × ( 1 + 0.045) ^ 4 years

=  $35 × 1.1925

= $41.74

8 0
3 years ago
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