Question: An article in Active Trader claims that using the Adaptive Renko trading system seems to give a 75% chance of beating the market. Suppose that

An article in Active Trader claims that using the Adaptive Renko trading system seems to give a 75% chance of beating the market. Suppose that in a random simulation of 100 trades using this system, the trading rule beat the market only 61 times. Conduct the test at the 0.05 level of significance.

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