Use the Runs Test to Determine Whether the Given Sequence

question 33

Essay

Use the runs test to determine whether the given sequence is random. Use a significance level of 0.05. Test the sequence of digits below for randomness above and below the value of 4.5. $\begin{array} { l l l l l l l l l l } 0 & 4 & 7 & 3 & 6 & 0 & 9 & 7 & 4 & 8 \\7 & 2 & 8 & 5 & 7 & 3 & 9 & 6 & 4 & 6 \\4 & 7 & 9 & 1 & 6 & 1 & 9 & 5 & 8 & 3 \\7 & 8 & 5 & 7 & 3 & 5 & 2 & 9 & 3 & 8\end{array}$

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Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.

Exemption Provisions

Clauses in a contract or law that exclude certain situations or parties from the application of rules or penalties.

Federal Exemption Scheme

A legal framework provided by federal law that allows individuals declaring bankruptcy to protect certain assets from creditors under specific conditions.

Motor Vehicle

A self-propelled vehicle used for transporting people or goods on land, such as cars, trucks, and motorcycles.