Stock analysts have recently stated in a meeting on Wall Street ...

[Lobcity]

Stock analysts have recently stated in a meeting on Wall Street that over the past 50 years there have been periods of high market prices followed by periods of lower prices but over time prices have moved upwards.
 
  Given their statement, stock prices most likely exhibit only trend and cyclical components. Indicate whether the statement is true or false

Question 2

In conducting a hypothesis test on the correlation between a pair of variables, we assume that each variable is normally and independently distributed.
 
  Indicate whether the statement is true or false

[Gabe]

Answer to Question 1

FALSE

Answer to Question 2

FALSE