The One-Sample Runs Test Is a ______________________

question 82

Multiple Choice

The one-sample runs test is a ______________________.

• A)nonparametric test for statistical independence
• B)parametric test for statistical independence
• C)nonparametric test of randomness
• D)nonparametric test for correlation
• E)parametric test of sequences

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Definitions:

Discounting

The process of determining the present value of a payment or a stream of payments that is to be received in the future.

Future Amount

The projected value of a current asset or amount of money at a specified future date, taking into account factors like interest or growth rates.

Present Value

The current valuation of future money or cash flow series, factoring in a predetermined interest rate.

Annual Payments

Regular payments made once a year, often referred to in the context of loans, annuities, or insurance policies.