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Use the runs test to determine whether the given sequence is random. Use a significance level of 0.05. A sample of 30 clock radios is selected in sequence from an assembly line. Each
radio is examined and judged to be acceptable (A)or defective (D). The results are shown
below. Test for randomness. A A D A A A D A A D
A D A A A D A A A A
A A D D A A A A D A
Fewer Taxes
Implies a reduction in the amount of taxes imposed on individuals or businesses, which can affect economic behavior and investment decisions.
Market Economy
A market economy is an economic system in which supply and demand from consumers drive the production of goods and services.
Cash Crops
Cash crops are agricultural products grown primarily for sale to others rather than for personal use by the farmer or grower.
Urban Areas
Densely populated regions characterized by high human settlement and infrastructural development, often contrasted with rural areas.
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