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

question 32

Essay

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

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Definitions:

Consolidation Process

This refers to the systematic approach of merging and integrating the financial data of multiple entities within a corporation to produce a unified set of financial statements.

Intra-entity Gross Profit

Profits resulting from transactions within or between entities under common control, not recognized in consolidated financial statements until realized externally.

Consolidation Reporting

The financial reporting process that aggregates the results of multiple entities within a single set of statements, reflective of a group as a single economic entity.

Noncontrolling Interest

An ownership interest in a corporation where the stake does not offer majority voting rights, and the interest lies in the shares of subsidiaries not wholly owned by the parent.