The Number of Visits to a Certain Web Site Were

question 7

Essay

The number of visits to a certain web site were counted each day of a particular w The results are given in the following table.
$\begin{array}{cc}\hline \text { Day } & \text { Number of Visits } \\\hline \text { Sunday } & 140 \\\text { Monday } & 121 \\\text { Tuesday } & 113 \\\text { Wednesday } & 110 \\\text { Thursday } & 130 \\\text { Friday } & 134 \\\text { Saturday } & 140 \\\hline\end{array}$

Test the hypothesis that the web site visits are equally likely to occur on any day o week. Use the $\alpha = 0.01$ level of significance.

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Definitions:

Derivative

A financial instrument whose value is based on or derived from one or more underlying assets.

Asset Account

An account on a company's balance sheet that represents a resource with economic value owned or controlled as a result of past transactions.

Liability Account

A Liability Account represents a company's financial obligations or debts that arise during the course of business operations.

Fair Market Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell.