A fund manager wants to know if it is 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. Day of the Week Observed Monday 192 Tuesday 198 Wednesday 198 Thursday 182 Friday 230 Which of the following is the value of goodness-of-fit chi-square test statistic?

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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Multiple Cholce
4.515
4.542
5.530
6.480
Transcribed Image Text:Multiple Cholce 4.515 4.542 5.530 6.480
A fund manager wants to know if it is 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.
Day of the Week
Observed
Monday
192
Tuesday
198
Wednesday
198
Thursday
182
Friday
230
Which of the following is the value of goodness-of-fit chi-square test statistic?
Transcribed Image Text:A fund manager wants to know if it is 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. Day of the Week Observed Monday 192 Tuesday 198 Wednesday 198 Thursday 182 Friday 230 Which of the following is the value of goodness-of-fit chi-square test statistic?
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