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 189 Wednesday 202 Thursday 199 Friday 218 For the goodness-of-fit test, what are the degrees of freedom for the chi-squared test statistic?   Multiple Choice   4   5   6   7

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.