The accompanying data file shows the growth rate in the gross domestic product (GDP) for India from

Question:

The accompanying data file shows the growth rate in the gross domestic product (GDP) for India from 1990 through 2018. Use the method of runs above and below the median with a significance level of 5% to test the null hypothesis of randomness against the alternative that there is a trend or a cyclical pattern.

YearGDP
19905.53
19911.06
19925.48
19934.75
19946.66
19957.57
19967.55
19974.05
19986.18
19998.85
20003.84
20014.82
20023.80
20037.86
20047.92
20057.92
20068.06
20077.66
20083.09
20097.86
20108.50
20115.24
20125.46
20136.39
20147.41
20158.00
20168.17
20177.17
20186.81
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: