Charles Clayton Monitors the Daily Performance of His Investment Portfolio

question 50

Multiple Choice

Charles Clayton monitors the daily performance of his investment portfolio by recording a "+" or a "-" sign to indicate whether the portfolio's value increased or decreased from the previous day.His record for the last eighteen business days is "- + + - - - + - - + + + - + + + + -".The number of runs in this sample is _________.

• A)uncertain
• B)four
• C)five
• D)nine
• E)one

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Definitions:

Mexican War

Controversial war with Mexico for control of California and New Mexico, 1846–1848; the Treaty of Guadalupe Hidalgo fixed the border at the Rio Grande and extended the United States to the Pacific coast, annexing more than a half-million square miles of Mexican territory.

Fifty-four Forty

A historical slogan from the U.S. presidential election of 1844, expressing the goal of expanding U.S. territorial claims in the Oregon Territory up to latitude 54°40′ north.

American Control

The exercise of power or authority by the United States over certain territories, policies, or international affairs, often highlighted during periods of expansion or during international conflicts.

Oregon

A state in the Pacific Northwest region of the United States, known for its diverse landscapes ranging from forests and mountains to farmlands and cities.