A Fund Manager Wants to Know If It Is Equally

question 6

Multiple Choice

A fund manager wants to know if it is 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. For the goodness-of-fit test,the null and alternative hypotheses are ________________________________________.

• A) H₀:p₁ = p₂ = p₃ = p₄ = 1/4,H_A: Not all population proportions are equal to 1/4
• B) H₀:p₁ = p₂ = p₃ = p₄ = p₅ = 1/5,H_A: Not all population proportions are equal to 1/5
• C) H₀:p₁ = p₂ = p₃ = p₄ = p₅ = 1/4,H_A: Not all population proportions are equal to 1/4
• D) H₀:p₁ = p₂ = p₃ = p₄ = 1/5,H_A: Not all population proportions are equal to 1/5

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Definitions:

Demands Upon Themselves

The expectations or pressures individuals put on themselves, either to achieve certain goals or adhere to specific standards.

Capacity For Change

The active phase of self-regulation; willpower.

Self-Regulation

The process by which an individual controls their behavior, emotions, and thoughts towards achieving long-term goals.

Capacity For Change

The potential or ability of an individual or system to modify its attributes or behavior in response to external conditions or stimuli.