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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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Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
Damm [24]

Answer:

In 2021, preferred stockholders will be paid $9000 dividends while common stockholders will be paid $1000 in dividends.

Explanation:

The preferred share are cumulative which means that they accrue dividends in case the company is unable to pay dividend in a certain year. This means that the company needs to pay the preferred dividend in future whenever it declares dividends if it has not paid the dividend on preferred share in the previous years.

The preferred dividends are paid prior to the common stockholders.

Thus, the dividend for 2019 and 2020 will be paid along with that of 2021 when the company pays dividends in 2021.

The preferred dividend per year is = 50 * 0.06 * 1000 = $3000

The accrued preferred dividends for 2019 and 2020 are = 3000 * 2 = 6000

Preferred dividend to be paid in 2021 = 6000 + 3000 = $9000

Common stock dividends to be paid in 2021 = 10000 - 9000 = $1000

4 0
4 years ago
Leslie is a newly graduated certified public accountant with a specialty in corporate tax. She wishes to join an organization (N
Aleks04 [339]

Answer: Functional Structure

Explanation: Leslie should look for a position in a firm with a functional structure, in order for her to gain full in-depth knowledge in her area of specialty Corporate Tax.

An organization with functional structure is one which assign it's employees to job roles which are specifically their areas of specialization.

7 0
3 years ago
Interspace Merchandising anticipated selling 29,000 units of a major product and paying sales commissions of $6 per unit. Actual
lukranit [14]

Answer:

Cost variance = 8,700 U

so correct option is C. $8,700 U

Explanation:

given data

selling = 29,000 units

sales commissions = $6 per unit

Actual sales = 31,500 units

sales commissions = $182,700

to find out

cost variance

solution

we know that Material quantity variance is express as

Material quantity variance =  sales commissions × (Actual sales - selling )

Material quantity variance = $6 × (31,500 - 29,000)

Material quantity variance = =$15,000 U

and  

Material price variance =  $182700 - $31500  × $6

Material price variance = $6,300 F

so

Cost variance = $15,000 U - $6,300 F

Cost variance = 8,700 U

so correct option is C. $8,700 U

4 0
4 years ago
77. Identify a potential risk for businesses using E-Commerce. a. increased customer satisfaction b. the possibility of fraudule
k0ka [10]

Answer:

B. The possibility of fraudulent transactions.

Explanation:

In recent times, it is well known and well known that marketplaces have also included the buying and selling in different other levels which E-commerce has thrived in many ways and are tested to be worth a while. In as much as it is good, e-commerce business in recent times has given a lot of exposure and access to a larger audience. And this has been learnt to have not certainly been possible to achieve through conventional retailing methods. In as much as it is loved by a reasonable amount of people, it is seen to have also made business owners and customers prone to serious security threats; which may include forms like online security breach, client disputes and refunds

Violation of Intellectual property, credit cards scams, poor customer service only to mention but few which are risky too.

Breaches of this form are seen to the risks that can affect your business and you can bear the loss if they are not addressed properly.

7 0
3 years ago
Which is an example of an intermediate good?
anyanavicka [17]
Stocks and bonds purchased by a business executive?
4 0
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