Exhibit 12.3 A fund manager wants to know if it equally likely that the Dow Jones Industrial average will go up each day of the week.For each day of the week,the fund manager observes the following number of days when the Dow Jones Industrial average goes up. 
Refer to Exhibit 12.3.For the goodness-of-fit test,what are the degrees of freedom for the chi-squared test statistic?
Definitions:
Excellent Character
Possessing outstanding moral or ethical qualities.
Golden Mean
A concept from Aristotelian ethics that represents the desirable middle between two extremes, one of excess and the other of deficiency.
Rightly
In a manner or to an extent that is justified, appropriate, or correct.
Morally Right
Actions or behaviors that are consistent with ethical principles and are considered justifiable and good.
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Q92: Exhibit 10.3.A restaurant chain has two locations