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Charles Clayton Monitors the Daily Performance of His Investment Portfolio

question 50

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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 _________.


Definitions:

Leader Traits

Refers to inherent qualities or characteristics that distinguish effective leaders from others, including intelligence, confidence, charisma, and integrity.

Transformational Leaders

Leaders who inspire and motivate their followers to exceed their own interests for the good of the organization or society.

Bass

Referring to Bernard Bass, a prominent researcher in the field of leadership, particularly known for his work on transformational leadership.

Transactional Behaviors

Actions based on a straightforward exchange process, where the roles of leader and follower are defined by transactions like rewards for performance.

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