A Fund Manager Wants to Know If It Is Equally

question 88

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. For the goodness-of-fit test, the null and alternative hypotheses are ________.

• A) H₀: p₁ = p₂ = p₃ = p₄ = 1/4, H_A: Not all population proportions are equal to 1/4
• B) H₀: p₁ = p₂ = p₃ = p₄ = p₅ = 1/5, H_A: Not all population proportions are equal to 1/5
• C) H₀: p₁ = p₂ = p₃ = p₄ = p₅ = 1/4, H_A: Not all population proportions are equal to 1/4
• D) H₀: p₁ = p₂ = p₃ = p₄ = 1/5, H_A: Not all population proportions are equal to 1/5

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Definitions:

Personal Characteristics

Attributes or features that define an individual, including traits such as personality, attitudes, and abilities.

Individualism

A theory advocating for individual action freedom over group or governmental authority.

Collectivism

A cultural value that emphasizes the priority of group goals over individual goals and the importance of cohesion within social groups.

Gender Typing

The process by which individuals learn to behave in a way that is consistent with societal expectations for their gender.