A Fund Manager Wants to Know If It Is Equally

question 30

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. Using the p-value approach and α = 0.05, the decision and conclusion are ________.

• A) do not reject the null hypothesis; all of the proportions are the same
• B) do not reject the null hypothesis; we cannot conclude that not all of the proportions are the same
• C) reject the null hypothesis; not all of the proportions are the same
• D) reject the null hypothesis; all of the proportions are not the same

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Definitions:

Federalism

A system of government in which power is divided between a central government and smaller political units, such as states.

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the U.S. Constitution in 1789 due to its inability to provide a strong central government.

Centralization

Centralization refers to the process of consolidating control and decision-making authority at the top levels of an organization or government.

Amended

Modified for the better; refers to changes or corrections made to documents, laws, or statutes to include new information, address issues, or refine language.