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You Want to Test Whether or Not the Following Sample

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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. 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.   ​ At the 5% level of significance, the conclusion of the test is that the A)  null hypothesis cannot be rejected. B)  data does not follow a normal distribution. C)  sample data has no probability distribution. D)  sample data is incorrect. ​ At the 5% level of significance, the conclusion of the test is that the

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Definitions:

Inflation Rate

The annual rate at which the cost of goods and services rises within an economy, reflecting a growth in price levels over time.

Price Level

An indicator of the mean cost of goods and services within an economy at a particular moment.

Money-Supply Curve

A graphical representation showing the relationship between the quantity of money supplied and the interest rate.

Open-Market Sale

The selling of government securities in the open market to reduce the money supply and control inflation.

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