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:

Monthly Expenses

Recurring costs incurred by a business or individual that are expected and budgeted on a monthly basis.

Accounts Payable

The amounts a company owes to suppliers for goods and services purchased on credit.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of materials and labor.

Collections

The process of pursuing payments of debts owed by individuals or businesses, typically referring to the accounts receivable department's efforts.