An accountant looks at the portfolios of 30 random clients to see their primary investment tools.  The results are given below: inv. tool        freq. stocks 10 bonds  8 currency           6 commodities  4 options  2   If the accountant wanted to test whether or not each type of investment tool was equally popular among these clients, what.is the appropriate test statistic for doing this test?     a. χ2 = 40 on 4 df      b. χ2 = 40 on 30 df      c. χ2 = 40/6 on 30 df      d. χ2 = 40/6 on 4 df      e. χ2 = 40 on 5 df      f. χ2 = 40/6 on 5 df

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An accountant looks at the portfolios of 30 random clients to see their primary investment tools.  The results are given below:

inv. tool        freq.

stocks 10

bonds  8

currency           6

commodities  4

options  2

 

If the accountant wanted to test whether or not each type of investment tool was equally popular among these clients,
what.is the appropriate test statistic for doing this test?

 

  a.

χ2 = 40 on 4 df 

 

  b.

χ2 = 40 on 30 df 

 

  c.

χ2 = 40/6 on 30 df 

 

  d.

χ2 = 40/6 on 4 df 

 

  e.

χ2 = 40 on 5 df 

 

  f.

χ2 = 40/6 on 5 df 

 

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