The following table shows a portion of the growth rate in the gross domestic product (GDP) for
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The following table shows a portion of the growth rate in the gross domestic product (GDP) for China 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..............................7.8
1981..............................5.2
⋮ .....................................⋮
2008..............................9.0
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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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