The following table shows a portion of the growth rate in the gross domestic product (GDP) for
Question:
The following table shows a portion of the growth rate in the gross domestic product (GDP) for India 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............................. GDP
1980.............................. 6.74
1981.............................. 6.00
⋮...................................... ⋮
2008............................... 6.07
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The median GPD growth rate in India is 6 Year GDP GDP 6 Runs 1980 674 074 A ...View the full answer
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