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Mathematics, 07.08.2021 01:00 josebienka

A fund manager wants to know if it is equally likely that the Dow Jones Industrial Average will go up each day of the week. For each day of the week, the fund manager observes the following number of days when the Dow Jones Industrial Average goes up. Using the p-value approach and Î± = 0.05, the decision and conclusion are: Day of the Week Day Observed
1 Monday 192
2 Tuesday 189
3 Wednesday 202
4 Thursday 199
5 Friday 218

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