A Fund Manager Wants to Know If It Is Equally

question 94

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. Which of the following is the value of goodness-of-fit chi-square test statistic?

• A) 0.605
• B) 0.632
• C) 1.62
• D) 2.57

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Definitions:

Specialized Expertise

Advanced knowledge or skills in a specific field or area, gained through education, training, or experience.

Process Controls

The methods and procedures implemented to monitor and manage business processes to ensure efficient and effective operation and to meet goals and standards.

Line Units

Departments or teams directly involved in the core operations or primary purpose of an organization.

Division of Labor

The allocation of different parts of a manufacturing process or task to different individuals in order to improve efficiency.