The Following Data Are Believed to Have Come from a Normal

question 39

Essay

The following data are believed to have come from a normal probability distribution.
$$\begin{array} { | r | r | r | r | r | r | r | r | r | r | } \hline 26 & 21 & 25 & 20 & 21 & 29 & 26 & 23 & 22 & 24 \\\hline 24 & 30 & 23 & 32 & 26 & 24 & 32 & 16 & 36 & 26 \\\hline 21 & 31 & 26 & 23 & 32 & 35 & 40 & 30 & 14 & 26 \\\hline 46 & 27 & 33 & 25 & 27 & 21 & 26 & 18 & 29 & 36 \\\hline\end{array}$$ 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 this claim.

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Definitions:

Cash Uses

Refers to how cash is spent or utilized by an individual or organization, including operating expenses, investment activities, and financing activities.

Direct Method

A way of preparing the cash flow statement in which actual cash flow information from the company's operations segment is used, rather than being derived from the income statement.

Operating Activities

Activities that constitute the primary or main activities of an organization, such as selling products or services.

Data Accumulation

The process of collecting, organizing, and storing data for analysis and decision-making purposes.