A Fund Manager Wants to Know If It Is Equally

question 114

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. Which of the following is the value of goodness-of-fit chi-square test statistic?

• A) 0.605
• B) 0.632
• C) 1.62
• D) 2.57

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Definitions:

Wilson Administration

Refers to the presidency of Woodrow Wilson in the United States from 1913 to 1921, noted for its domestic reforms and leadership during World War I.

American Expeditionary Force

The formation of U.S. military personnel sent to Europe during World War I to fight alongside the Allies against the Central Powers.

Western Front

A major theater of battle during World War I, stretching across Belgium and France, characterized by trench warfare and significant casualties.

French Officials

Personnel or authorities that govern, administer, or represent France at various levels of organization, from local communities to international relations.