THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 14

Short Answer

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A large department store records the number of returns per day in women's dresses for reasons such as wrong size;husband didn't like it,color,etc.The manager of the women's dresses department recalls from her statistics class in college that the Poisson distribution might describe such events.A random sample of 150 days is taken.The number of returns per day in the sample as well as the observed frequencies is shown in the table below:

She tests the hypothesis that returns per day are Poisson distributed with a population mean equal to 1.90.Her significance level is 0.05
-Determine the calculated value of the chi-square test statistic.

Identify the advantages of different types of business organizations, including sole proprietorships, partnerships, and corporations.

Understand the significance of dividend declaration, record, and payment dates.

Identify at-risk populations for abuse and violence, including domestic and intimate partner violence.

Understand the importance of comprehensive assessments to identify abuse and violence in various populations.

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Definitions:

Aggregate Demand

Total economic interest in goods and services, assessed at a uniform price level throughout a specific period.

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level and in a given time period.

Interest Rate Effect

The impact that changes in interest rates have on consumer spending due to the cost of borrowing; generally, as interest rates rise, consumer spending decreases.

Aggregate Demand

The cumulative need for all economic goods and services, pegged at a singular overall price level during a distinct time period.