A truly random series will likely have a very small number of runs. Is this statement true

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"A truly random series will likely have a very small number of runs." Is this statement true or false? Explain your choice.

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Business Analytics Data Analysis and Decision Making

ISBN: 978-1305947542

6th edition

Authors: S. Christian Albright, Wayne L. Winston

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Question Posted: Apr 06, 2017 11:37 AM

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A truly random series will likely have a very small number of runs. Is this statement true

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The true statement is that a random series will have a predictable number of runs This number i...View the full answer

Business Analytics Data Analysis and Decision Making

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