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:

Solar Activity

The phenomena that occur within the Sun's magnetically charged atmosphere, affecting space weather and climatic conditions on Earth.

Air

The invisible gaseous substance surrounding the Earth, a mixture mainly of oxygen and nitrogen.

Neutralizes

To make chemically neutral, cancelling out acidic or basic properties, or to render something ineffective or harmless.

Photolysis

The decomposition or separation of molecules by the action of light.