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i. The sum of the expected frequencies in a goodness-of-fit test need not equal the sum of the observed frequencies. ii. A goodness-of-fit test is a nonparametric test involving a set of observed frequencies and a corresponding set of expected frequencies.
iii. For a goodness-of-fit test, the following are possible null and alternate hypotheses; Null: Sales are uniformly distributed among the five locations. Alternate: Sales are not uniformly distributed among the five locations.
Board Of Directors
A group of individuals elected by shareholders to oversee the activities and direction of a company.
Management
The process of directing and controlling a group or organization to achieve its goals by planning, organizing, leading, and controlling resources.
Stakeholder
An individual, group, or organization that has an interest in the activities and outcomes of a company or project.
Stockholder
An individual or entity that owns one or more shares of stock in a corporation, making them a partial owner of that company.
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