Answer: Runs Test with Large Samples. In Exercises 912, use the runs test with a
Chapter 13, Problem 11(choose chapter or problem)
Runs Test with Large Samples. In Exercises 912, use the runs test with a significance level of = 0.05 . (All data are listed in order by row.). Stock Market: Testing for Randomness Above and Below the Median Listed below are the annual high values of the Dow Jones IndustrialAverage for a recent sequence of years (as of this writing). Test for randomness below and above the median. What does the result suggest about thestock market as an investment consideration?969 995 943 985 969 842 951 1036 1052 892 882 10151000 908 898 1000 1024 1071 1287 1287 1553 1956 2722 21842791 3000 3169 3413 3794 3978 5216 6561 8259 9374 11568 1140111350 10635 10454 10855 10941 12464 14198 13279 10580 11625
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