Perform the Indicated Goodness-Of-Fit Test Use a Significance Level of 0

question 4

Essay

Perform the indicated goodness-of-fit test. You roll a die 48 times with the following results. $$\begin{array} { c | c | c | c | c | c | c } \text { Number } & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Frequency } & 4 & 13 & 2 & 14 & 13 & 2\end{array}$$ Use a significance level of 0.05 to test the claim that the die is fair.

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Definitions:

Residual Dividend

A policy under which a company pays dividends to its shareholders only after all its capital needs are met for a particular period.

Compromise Dividend

A dividend payment agreed upon by a company and its shareholders to be distributed, usually under circumstances where the payment amount may not meet all parties’ expectations but is deemed acceptable.

Dividend Policy

Refers to the strategy a company uses to determine how much it will pay out to shareholders in dividends.

Time Pattern

The distribution or sequence of events, actions, or changes over time, often analyzed in various contexts such as financial planning or project scheduling.