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. Day of the Week Observed Monday 192 Tuesday 189 Wednesday 202 Thursday 199 Friday 218 Using the p-value approach and α = 0.05, the
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.
| Day of the Week | Observed |
| Monday | 192 |
| Tuesday | 189 |
| Wednesday | 202 |
| Thursday | 199 |
| Friday | 218 |
Using the p-value approach and α = 0.05, the decision and conclusion are ____________________________________.
-
do not reject the null hypothesis; we can conclude that at least one of the proportions is different from 0.20
-
do not reject the null hypothesis; we cannot conclude that at least one of the proportions is different from 0.20
-
reject the null hypothesis; we can conclude that not all of the proportions are the same
-
reject the null hypothesis; we cannot conclude that all of the proportions are not the same
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
