The Following Data Are Believed to Have Come from a Normal

question 116

Essay

The following data are believed to have come from a normal probability distribution.
The mean of this sample equals 26.80, and the standard deviation equals 6.378.Use the goodness-of-fit test at the 5% significance level to test whether the data indeed come from a normal distribution.

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Definitions:

Fixed Manufacturing Costs

Costs that do not change with the level of production, such as rent, salaries, and insurance, which are incurred regardless of output volume.

Full Capacity

The maximum level of output that a company can sustain to make a product or provide a service.

Incremental Revenue

The additional revenue generated from a new business activity or decision.

Incremental Processing Costs

Additional costs incurred when increasing the production volume or when processing further beyond the split-off point.