Test the Following Sequence for Randomness

question 80

Multiple Choice

Test the following sequence for randomness
. A A A A B B B A A A B B You may use the following abbreviated table of critical values for runs (at = .05) . Reject the null hypothesis if the number of runs is less than or equal to the smaller value or greater than or equal to the

larger value.

• A) Do not reject because the test value 4 is between the critical values 3 and 11
• B) Do not reject because the test value 7 is between the critical values 3 and 12
• C) Do not reject because the test value 4 is outside the critical values 3 and 11
• D) Reject because the test value 7 is between the critical values 3 and 11

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded.

Price Elasticity

A measure of responsiveness of the quantity demanded or supplied of a good to a change in its price, indicating how changes in price affect demand or supply levels.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to buy.

Midpoint Formula

A method used in geometry to find the midpoint or the center point between two points on a line segment.