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Sales rep travel
A sales representative who is on the road visiting clients thinks that, on average, he drives the same distance each day of the week. He keeps track of his mileage for several weeks and discovers that he averages 122 miles on Mondays, 203 miles on Tuesdays, 176 miles on Wednesdays, 181 miles on Thursdays, and 108 miles on Fridays. He wonders if this evidence contradicts his belief in a uniform distribution of miles across the days of the week. Is it appropriate to test his hypothesis using the chi- square goodness-of-fit test? Explain.
Ken is single and earns a salary of $60,000 per year. He also receives $4,000 a year in taxable interest and dividend income. Ken would like to contribute the maximum allowable to his companys qualified pension plan.
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The company's initial chart of accounts follows.
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