The Sampling Distribution of R, the Number of Runs, in the One-Sample

question 8

True/False

The sampling distribution of R, the number of runs, in the one-sample runs test for randomness of the observations in a large sample is approximately normal.

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Definitions:

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at that price.

Exchange Rate

The price of one currency expressed in terms of another currency.

Appreciated

An increase in the value of an asset or currency in comparison to other assets, currencies, or benchmarks.