The Sequence Shows a Companyʹs Daily Sales, in Thousands of Dollars

question 9

Essay

The sequence shows a companyʹs daily sales, in thousands of dollars, for the business days during the month of
September. Find the standardized test statistic, G, to test for randomness. $$\begin{array} { r r r l l c l l l l } 10 & 10 & 15 & 12.5 & 20 & 12.5 & 10 & 10 & 12.5 & 20 \\8 & 10 & 10 & 20 & 15 & 9 & 12.5 & 12.5 & 20 & 17.5\end{array}$$

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Definitions:

Model Business Corporation Act

A template for states to use in drafting their corporate statutes, aimed at standardizing corporate law.

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.

Cumulative Voting

A system of voting for directors of a corporation in which shareholders can concentrate their votes on one candidate, rather than having to distribute them equally among candidates.