Suppose we want to test whether the number of times black or red comes up on a

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Suppose we want to test whether the number of times black or red comes up on a roulette wheel is random. In 100 spins of the wheel, we find that black comes up 48 times and red comes up 52 times. The number of runs in this sample is 48.

Test, at the 1 percent level of significance, whether the appearance of red or black is random.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:02 AM

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Suppose we want to test whether the number of times black or red comes up on a

Question:

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Statistics For Business And Financial Economics

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