The Sequence of Numbers Below Represents the Maximum Temperature (In $\begin{array} { l l l l l l l l l l } 94 & 96 & 97 & 99 & 95 & 90 & 97 & 98 & 100 & 100 \end{array}$

question 23

Essay

The sequence of numbers below represents the maximum temperature (in degrees Fahrenheit) in July in one
U.S. town for 30 consecutive years. Test the sequence for randomness above and below the median. $\begin{array} { l l l l l l l l l l } 94 & 96 & 97 & 99 & 95 & 90 & 97 & 98 & 100 & 100 \end{array}$
$\begin{array} { l l l l l l l l l l } 92 & 95 & 98 & 99 & 102 & 97 & 97 & 101 & 99 & 100 \end{array}$
$\begin{array} { l l l l l l l l l l } 98 & 95 & 93 & 99 & 101 & 99 & 101 & 100 & 99 & 103 \end{array}$

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Definitions:

Inventories

are the raw materials, work-in-progress products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Operating Expense

Operating expense refers to the costs associated with the day-to-day operations of a business, excluding direct production costs.

Investing Activity

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the entity's primary business operations.

Land

Land is a tangible asset representing a piece of earth's surface which is owned and has a specific value attached to it, often used for commercial or residential purposes.