995 1000 943 1000 898 3169 3413 969 969 842 1052 882 951 892 1015 985 1036 1287 5216 6561 1024 1071 1287 2722 1553 1956 908 2184 3000 2791 3794 3978 8259 9374 11568 11401 11350 10635 10454 10855 10941...

Runs Test with Large Samples. In Exercises 9–12, use the runs test with a significance level of α = 0.05.(All data are listed in order by row.)

Stock Market: Testing for Randomness Above and Below the Median Listed below are the annual high values of the Dow Jones Industrial Average for a recent sequence of years. Find the median, then test for randomness below and above the median. What does the result suggest about the stock market as an investment consideration?

Extracted text: 995 1000 943 1000 898 3169 3413 969 969 842 1052 882 951 892 1015 985 1036 1287 5216 6561 1024 1071 1287 2722 1553 1956 908 2184 3000 2791 3794 3978 8259 9374 11568 11401 11350 10635 10454 10855 10941 12464 14198 13279 10580 11625 12929 13589 16577 18054