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Use the runs test to determine whether the given sequence is random. Use a significance level of . The outcomes (odd number or even number) of a roulette wheel are shown below. Test for randomness of odd and even (E) numbers. Use a significance level of .
What is the value of , the number of runs?
Economic Crises
Periods characterized by severe disruptions in the financial and economic stability of a country or globally, often marked by high unemployment and insolvency among key industries.
Neutrality Acts
A series of laws passed in the 1930s by the United States Congress aimed at keeping the nation out of future conflicts, by limiting its involvement in foreign wars and prohibiting arms sales to belligerents.
Belligerents
Parties engaged in conflict or warfare, whether nations, groups, or individuals, characterized by active hostility.
Arms Sales
The business or act of buying and selling military weapons and equipment, either between countries or to non-state actors.
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