A Fund Manager Wants to Know If It Is Equally

question 25

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,what are the degrees of freedom for the chi-squared test statistic?

• A) 4
• B) 5
• C) 6
• D) 7

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Definitions:

Adolescence

A period marked by physical and mental development, usually extending from puberty to the age when one is considered a legal adult.

Irregular Schedules

Unpredictable or non-consistent time patterns in work, sleep, or activities.

Temperament

The natural element of a person's character that encompasses their usual mood, patterns of behavior, and emotional reactions.

Irritable

A frequent mood characterized by easy annoyance and often resulting in impatient or snappy responses.