Charles Clayton Monitors the Daily Performance of His Investment Portfolio

question 11

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)seven
• B)six
• C)four
• D)three
• E)one

---

Definitions:

Productivity

An indicator of how effectively a person, machine, factory, system, etc., transforms inputs into valuable outputs.

Price Support Program

Government initiatives designed to maintain the market price of a commodity or product at a certain level by purchasing surplus, offering subsidies, or other means to protect producers' income.

Surplus

A situation in which quantity supplied is greater than quantity demanded at a specific price, typically leading to lower prices.

Wheat Farmers

Individuals or businesses engaged in the cultivation of wheat, a staple grain consumed globally, as their primary agricultural activity.