Consider a set of 50 measurements with mean 50.2 and standard deviation 18.7 and with the following observed and expected frequencies.
It is desired to test whether these measurements came from a normal population. At a significance level of .05, test H0: the set of 50 measurements came from a normal population.
Definitions:
Unpaid Balance
The portion of a loan or debt that has not yet been repaid to the lender.
Department Store
A large retail establishment that sells a wide variety of goods in various departments within the same building.
Effective Rate
The actual interest rate an investor receives after taking into consideration compounding.
Monthly Compounded Rate
An interest rate applied to the principal and the accumulated interest of a loan or investment on a monthly basis.
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