Use the Runs Test to Determine Whether the Given Sequence

question 151

Essay

Use the runs test to determine whether the given sequence is random. Use a significance level_
of 0.05. A true-false test had the following answer sequence. T T T TFTFTFTFT TFT
T TFFFFFFFTFTFTF Test the null hypothesis that the sequence was random.

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Definitions:

Profits

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Jeweler

A person or business that designs, makes, sells, or repairs jewelry.

Clothing Store

A retail establishment that sells garments and apparel for men, women, and children.

Utility

Utility refers to the total satisfaction received from consuming a particular good or service.