The Idea Behind the Runs Test Is That a Random

question 93

Multiple Choice

The idea behind the runs test is that a random number series should have a number of runs that is

• A)large.
• B)small.
• C)not large or small.
• D)constant.

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Definitions:

Future Value Factor

A formula used to determine the future value of an investment based on its current value and rate of return.

Annuity

A fiscal instrument providing a constant flow of payments to a person, mainly serving as a source of income for individuals in retirement.

Periods

Intervals of time into which financial or operational activities are divided for reporting, planning, or analysis purposes.

Future Value

The value of an investment or sum of money at a specified date in the future, taking into account interest or capital gains.