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Assume y and x are both uncorrelated random returns. On average, how many times should you expect to see an absolute t-statistic above 1.96 if

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Assume y and x are both uncorrelated random returns. On average, how many times should you expect to see an absolute t-statistic above 1.96 if you regressed y on x ten thousand times (assuming new random draws for each regression)? Select one alternative: Never Around 10,000 times Around 500 times Around 196 times Reset Maximum marks: 3

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