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The following table shows the cross-classification of hedge funds by market capitalization (either small, mid, or large cap) and objective (either growth or value). a. Set up the competing hypotheses to determine if market capitalization and objective are dependent.
B) Calculate the value of the test statistic and determine the degrees of freedom.
C) Compute the p-value. Does the evidence suggest market capitalization and objective are dependent at the 5% significance level?
Past Demand
Historical data regarding the quantity of goods or services that were sought after by consumers in previous periods.
Qualitative Approach
A research strategy focusing on understanding the quality, nature, or characteristics of phenomena rather than quantifying them with numbers.
Random Fluctuations
The unpredictable changes in variables or systems over time, which can be due to a variety of uncontrolled or random factors.
Seasonal Fluctuations
Variations in demand, supply, or other economic factors that regularly occur at specific times of the year due to changes in season.
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