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:

Revenue Expenditure

Expenses incurred during the normal course of business operations that are expected to be consumed within the same accounting period.

Long-term

Long-term refers to holding or involving a period of time that is significantly longer than average, often used in the context of investments, debts, and assets.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since the asset was acquired.

Gain on Sale

The income generated when an asset is sold at a value higher than its original cost or book value.