The following table shows a portion of the percent change in the consumer price index (CPI) for
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The following table shows a portion of the percent change in the consumer price index (CPI) for the United States from 1980 through 2008. 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 cyclical pattern.
Year................... CPI
1980................... 12.5
1981.....................8.9
⋮........................... ⋮
2008..................... 0.1
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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