Consider the following discrete probability distribution along with observed frequencies for each day of the week a Perform a chi square test using 0 05 to determine if the observed frequencies follow a discrete probability distribution b Determine the p value using Excel and interpret its meaning ...

a H 0 A set of observed frequencies follows the stated probabilit ...

Consider the following discrete probability distribution along with observed frequencies for each day of the week: a.

Question:

Consider the following discrete probability distribution along with observed frequencies for each day of the week:

a. Perform a chi-square test using α = 0.05 to determine if the observed frequencies follow a discrete probability distribution.

b. Determine the p-value using Excel and interpret its meaning.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...