Question: Note: Include process Use both types of run tests to analyze the daily expense voucher listed below. Assume a median of $31. Amount Day Day

Note: Include process
Use both types of run tests to analyze the daily expense voucher listed below. Assume a median of $31. Amount Day Day ($) 17 Amount ($) 27.69 28.13 33.02 30.31 31.59 33.64 34.73 35.09 33.39 32.51 27.98 31.25 33.98 25.56 24.46 Day 16 17 18 19 20 21 22 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Day 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 29.65 31.08 33.03 29.10 25.19 28.60 20.02 26.67 36.40 32.07 44.10 41.44 29.62 30.12 26.39 Amount ($) 40.54 36.31 27.14 30.38 31.96 32.03 34.40 25.67 35.80 32.23 26.76 30.51 29.35 24.09 22.45 46 47 48 49 50 51 52 53 54 55 56 57 58 Amount ($) 25.16 26.11 29.84 31.75 29.14 37.78 34.16 38.28 29.49 30.81 30.60 34.46 35.10 31.76 34.90 23 24 25 26 27 28 29 30 59 60 1. Observed number of runs using Median Test is 2. Expected number of runs using Median Test is (Round to one decimal.) 3. Standard deviation using Median Test is (Round to two decimals.) 4. This test statistic for the Median Test is (Round to two decimals. Negative values should be indicated by a minus sign.) 5. By observing the test statistic for the Median Test, we can conclude that the process is (Click to select) 6. Observed number of runs using Up/Down Test is 7. Expected number of runs using Up/Down Test is (Round to one decimal.) 8. Standard deviation using Up/Down Test is (Round to two decimals.) 9. This test statistic for the Up/Down Test is (Round to two decimals. Negative values should be indicated by a minus sign.) 10. By observing the test statistic for the Up/Down Test with z= +1.96 limits., we can conclude that the process is (Click to select) 11. Comparing both the tests, we can conclude that (Click to select) variations are present in the dataStep by Step Solution
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