The Runs Test Is a Formal Test of the Null

question 47

True/False

The runs test is a formal test of the null hypothesis of randomness.If there are too many or too few runs in the series,then we conclude that the series is not random.

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Definitions:

Capacity Utilization

The percentage of a business or industry's total possible production capacity that is actually being utilized.

Financial Planning Process

The financial planning process involves setting financial goals, analyzing current financial conditions, developing strategies to achieve those goals, and implementing and monitoring the strategy.

Planning Horizon

The long-range time period the financial planning process focuses on, usually the next two to five years.

Dividend Policy

A company's strategy or policy to decide how much profit it will pay out to shareholders as dividends.