A Walk-In Medical Clinic Believes That Arrivals Are Uniformly Distributed

question 2

Multiple Choice

A walk-in medical clinic believes that arrivals are uniformly distributed over weekdays (Monday through Friday) .It has collected the following data based on a random sample of 100 days. What is the value of the test statistic needed to conduct a goodness of fit test?

• A)8.75
• B)7.7794
• C)2.46
• D)2.50

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Definitions:

Working Capital

The gap between what a business owns in current assets and owes in current liabilities, showing the available liquidity to cover daily operational costs.

Salvage Value

The anticipated amount an asset is expected to sell for once it reaches the end of its life span.

Pretax Return

The income or profit earned by a business before the deduction of tax.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used to assess the profitability of an investment.