Exhibit 12-7
You want to test whether or not the following sample of 30 observations follows a normal distribution. The mean of the sample equals 11.83, and the standard deviation equals 4.53. 
-Refer to Exhibit 12-7. At 95% confidence, the conclusion of the test is that the
Definitions:
Expenditure
The act of spending funds or disbursing money for various purposes such as operations, investments, or consumption.
GDP Per Person
A measure of a country's economic output that accounts for its number of people, indicating average economic productivity per person.
Life Expectancy
The average number of years a person is expected to live, based on current mortality rates and health conditions.
Literacy Rates
The percentage of people within a given population who are capable of reading and writing at a specified age.
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