Listed below are the annual high values of the Dow Jones Industrial Average for a recent sequence

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Listed below are the annual high values of the Dow Jones Industrial Average for a recent sequence of years. Find the median, then test for randomness below and above the median. What does the result suggest about the stock market as an investment consideration?

Use the runs test with a significance level of A = 0.05.

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Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

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