Null hypothesis of randomness

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Reference no: EM131797936

The following table shows a portion of the growth rate in the gross domestic product (GDP) for China from 1980 through 2008; the full data set is on the text website, labeled China GDP. 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.

2256_trend or cyclical pattern.png

Reference no: EM131797936

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