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A lottery is conducted that involves the random selection of numbers from 0 to 4. To make sure that the lottery is fair, a sample of 250 was taken. The following results were obtained:
a.State the null and alternative hypotheses to be tested.
b.Compute the test statistic.
c.The null hypothesis is to be tested at the 5% level of significance. Determine the critical value from the table.
d.What do you conclude about the fairness of this lottery?
Nonpossessory Interest
In the context of real property, an interest that involves the right to use land but not the right to possess it.
Easement
A right granted to use another's property for a specific purpose, such as right of way or utility installation.
Possess
To have or hold property, assets, or rights, either legally or physically.
Profit
The financial gain achieved when the revenue gained from a business activity exceeds the expenses, costs, and taxes associated with sustaining the activity.
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