A Fund Manager Wants to Know If It Is Equally

question 96

Multiple Choice

A fund manager wants to know if it is equally likely that the Dow Jones Industrial Average will go up each day of the week. For each day of the week, the fund manager observes the following number of days when the Dow Jones Industrial Average goes up. The p-value is ________.

• A) less than 0.01
• B) between 0.01 and 0.05
• C) between 0.05 and 0.10
• D) greater than 0.10

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Definitions:

Symbols

Marks, objects, or gestures that represent or stand for something else, often conveying ideas, beliefs, or values within a culture or subculture.

Syntactically Incorrect

Pertaining to a sentence or phrase that does not follow the rules of syntax, making it grammatically wrong or difficult to understand.

Morpheme

The smallest grammatical unit in a language that carries meaning, such as a root word, prefix, or suffix.

Semantics

The meaning of words and sentences.