Exhibit 12

question 9

Multiple Choice

Exhibit 12.3 A fund manager wants to know if it 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. Refer to Exhibit 12.3.At the 5% significance level,the critical value is:

• A)7.779
• B)9.488
• C)11.143
• D)13.277

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Definitions:

Legal Action

The formal process of resolving disputes by a court of law, including lawsuits and litigation.

Punitive Damages

Punitive damages are financial compensation awarded to a plaintiff, over and above the actual damages, intended to punish the defendant for egregious wrongdoing and deter future similar acts.

Order Of Relief

An order from a bankruptcy court that temporarily or permanently relieves the debtor from certain debts or legal action by creditors.

Bankruptcy Can Continue

The process by which a debtor's assets are managed and liabilities are discharged under the bankruptcy code can proceed, despite certain obstacles or challenges.