The Following Table Shows the Number of Employees Who Called

question 11

Essay

The following table shows the number of employees who called in sick at a business for different days of a
particular week. $$\begin{array} { | r | c c c c c c c | } \hline \text { Day } & \text { Sun } & \text { Mon } & \text { Tues } & \text { Wed } & \text { Thurs } & \text { Fri } & \text { Sat } \\\hline \text { Number sick } & 8 & 12 & 7 & 11 & 9 & 11 & 12 \\\hline\end{array}$$ i) At the 0.05 level of significance, test the claim that sick days occur with equal frequency on the different days of the
week.
ii) Test the claim after changing the frequency for Saturday to 152. Describe the effect of this outlier on the test.

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Definitions:

Fair Value

The estimated market price of an asset or liability, reflecting current market conditions.

Par Value

A nominal value or face value assigned to a share of stock by the company’s charter.

Acquisition Method

The accounting method used to consolidate the financial statements of a parent company and its acquired subsidiary.

Business Combinations

Occurs when one company acquires control over another, either through the purchase of shares, assets, or a merger.