It is a common experience that the volatility (measured in terms of variance) of a financial market strategy is less than 0.25. Define the null and alternative hypothesis for testing your faith on this strategy. Perform a test at 1% level of significance to check the precision of a good undergoing this strategy. Following are the prices (in rupees) of a particular good: 2.9, 3.1, 3.2, 2.8, 2.7, 3.4, 2.6, 3.0, 3.3, 2.9, 2.8, 3.5
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
It is a common experience that the volatility (measured in terms of
variance) of a financial market strategy is less than 0.25. Define the null and
alternative hypothesis for testing your faith on this strategy. Perform a test at
1% level of significance to check the precision of a good undergoing this
strategy. Following are the prices (in rupees) of a particular good:
2.9, 3.1, 3.2, 2.8, 2.7, 3.4, 2.6, 3.0, 3.3, 2.9, 2.8, 3.5
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