The Following Table Represents the Number of Absences on Various

question 17

Multiple Choice

The following table represents the number of absences on various days of the week at an elementary school. $$\begin{array} { c | c | c | c | c } \text { Monday } & \text { Tuesday } & \text { Wednesday } & \text { Thursday } & \text { Friday } \\\hline 45 & 32 & 17 & 25 & 38\end{array}$$ Identify the number of degrees of freedom for a goodness-of-fit test (for a uniform
Distribution) , assuming a 0.05 significance level.

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Cost-Cutting Proposal

A plan or suggestion aimed at reducing expenses to improve profitability.

What-If Analysis

A process used in finance and business to assess the potential outcomes of different scenarios based on varying inputs or assumptions.

Variable Costs

Charges that adjust in accordance with the level of output or service delivered by an enterprise.

Financial Break-Even

The point at which total revenues and total costs are equal, meaning a project or business is neither making a profit nor a loss.