Charles Kline Monitors the Daily Performance of His Investment Portfolio

question 38

Multiple Choice

Charles Kline monitors the daily performance of his investment portfolio by recording a "+" or a "-"sign to indicate whether the portfolio's value increased or decreased from the previous day.His record for the last eighteen business days is "- + + - - - + - - + + + + + + + + -".The number of runs in this sample is ___.

• A)seven
• B)six
• C)four
• D)three
• E)one

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Definitions:

Securities Markets

Financial marketplaces where securities such as stocks and bonds are issued and traded between investors.

New York Stock Exchange

A leading global securities exchange where buyers and sellers trade shares in public companies.

Subchapter S

A section of the Internal Revenue Code allowing corporations with 100 shareholders or less to be taxed as a partnership, avoiding double taxation.

Internal Revenue Code

The comprehensive set of tax laws and regulations in the United States governing federal tax obligations.