The Following Frequency Table Summarizes the Ages of 60 Shoppers

question 107

Short Answer

The following frequency table summarizes the ages of 60 shoppers at the local farmer's market.
The estimated mean is 36.25, and the estimated standard deviation is 13.57. Calculate the value of the chi-square test statistic to determine whether these measurements came from a normal population.

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Definitions:

Cost Method

An accounting method used for recording investments, where the investment is recorded at its acquisition cost without recognizing periodic income but dividends received are recorded as income.

Acquisition

The process of obtaining control of another company, either by purchasing its shares, assets, or both, with the aim of expanding or diversifying operations.

Dividends

Payments made by a corporation to its shareholder members from the company's earnings.

Significant Influence

The power to participate in the financial and operating policy decisions of a business, without having control over those policies.