Perform the Required Correlation Test for Normality $$\begin{array} { r r r r r } 450 & 1035 & 500 & 1050 & 460 \\ 1125 & 480 & 1256 & 560 & 1470 \end{array}$$

question 33

Essay

Perform the required correlation test for normality.
-The data below represent the weekly salaries (in dollars)of ten employees selected randomly from a particular company. $$\begin{array} { r r r r r } 450 & 1035 & 500 & 1050 & 460 \\ 1125 & 480 & 1256 & 560 & 1470 \end{array}$$ At the 10% significance level, do the data provide sufficient evidence to conclude that weekly salaries of employees at this company are not normally distributed?

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Definitions:

Federal Crown Corporation

A type of corporation in Canada that is federally chartered and owned by the government to conduct various commercial activities and services.

Translation Exposure

Financial risk associated with the translation of foreign currency financial statements into a single reporting currency.

Exchange Rate Risk

The potential loss to a company's finances or operations due to changes in the exchange rate between currencies.

Financial Statement

Formal records of the financial activities of a business, person, or other entity, presenting the financial performance and position at a specific point in time.