Historical records on a certain product indicate the following behavior for demand.The data represent the 288 days that the business was open during 2000.Convert these data into random number intervals.(Round each probability used to 2 decimal places,e.g. ,0.36. )
Definitions:
Right-Tailed
Refers to a type of hypothesis test where the area of interest is in the right tail of the probability distribution, usually testing for values greater than a certain number.
Uniformly Distributed
A statistical distribution where all outcomes are equally likely; each variable has the same probability.
Null Hypothesis
A hypothesis that suggests there is no statistical significance in a set of given observations, asserting that any observed difference is due to chance.
Uniformly Distributed
Describes a distribution where all outcomes are equally likely, or a variable where all intervals of the same length have the same probability.
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