A Die Is Rolled 180 Times and the Following Data

question 61

Multiple Choice

A die is rolled 180 times and the following data are obtained.Is the die fair?

• A) : The die is not fair. : The die is fair (all numbers occur with equal frequency). Conclusion: Do not reject the null hypothesis.There is insufficient evidence to claim that the numbers on the die do not occur with equal frequency.
• B) : The die is not fair. : The die is fair (all numbers occur with equal frequency). Conclusion: Do not reject the null hypothesis.There is sufficient evidence to claim that the numbers on the die do not occur with equal frequency.
• C) : The die is fair (all numbers occur with equal frequency). : The die is not fair. Conclusion: Do not reject the null hypothesis.The data do not provide sufficient evidence to conclude that the die is loaded.
• D) : The die is fair (all numbers occur with equal frequency). : The die is not fair. Conclusion: Reject the null hypothesis.There is sufficient evidence to claim that the numbers on the die do not occur with equal frequency.
• E) : The die is not fair. : The die is fair (all numbers occur with equal frequency). Conclusion: Reject the null hypothesis.There is sufficient evidence to claim that the numbers on the die do not occur with equal frequency.

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Definitions:

Financial Intermediaries

Institutions that facilitate the channeling of funds between lenders and borrowers by becoming intermediaries themselves.

Pension Funds

Investment pools that collect and manage funds for the purpose of providing retirement income to employees.

Standard of Value

A benchmark or reference point used to measure the worth of goods, services, or assets in economic transactions.

Standard of Value

A recognized measure that is used to set the price or value of goods, services, or assets in economic transactions.