(a) Use the data from sample 1 to compute a point estimate for the population mean number of shares traded per day in 2018 A point estimate for the population mean number of PepsiCo shares traded per day in 2018 is (Round to two decimal places as needed.) million

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Table of Critical t-Values
df
1234 I
5
8
10
11
12
13
14
15
0.25
Area in
right tail
0.718
0.711
0.706
0.703
0.700
0.20
1.000 1.376
1.061
0.816
0.765 0.978
0.741
0.941
0.727
0.920
0.906
0.896
0.889
0.883
0.879
0.15
0.10
1.963
3.078
1.386 1.886
1.250
1.190
1.156
0.697 0.876
0.695
0.873
1.083
(.694
0.870
1.079
0.692
0.868 1.076
0.691
0.866
1.074
0.690
0.865
1.071
0.05
-Distribution
Area in Right Tail
0.025
1.638 2.353
1.533
2.132
2.015
1.476
1.134 1.440
1.943
1.119
1.415
1895
1.108
1860
1.397
1.100
1.383
1.833
1093
1.372 1.812
1.345
1.341
1.337
12.706
6.314
2.920
1088 1.363
1.796
1.356
1.782
1.771
1.350
1.761
1.753
1.746
4.303
3.182
2.776
2.571
2.365
2.306
2.262
2.228
2201
2.179
2.160
2.145
2.131
2.120
0.02
2612
15.894
31.821
6.965
4.849
4.541
3.482
2.999
2.757
LIST
2 449
2.398
2.359
0.01
12.328
2.303
0282
0.005
3.143
2.998
2.896
2.821
2.764
63.657
9.925
5.841
4.604
3.747
3.365
4.032
3.707
3409
3.355
3.250
3.169
2.718
3.106
2.681
3.055
2.650 3.012
2.264
2.624
2.249
2.602
2.583
2.335
2.977
2.947
2.921
27
0.0025
127.321
14.089
7.453
5.598
4.773
4317
4.029
3.833
3.690
3.581
3.497
3.428
3.372
3.326
3.286
3.252
0.001
318.309
22.327
10.215
7.173
5.893
5.208
4.785
4.501
4.297
4.144
4.025
3.930
3.852
3.787
3.733
3.686
0.0005
636.619
31.599
12.924
8.610
6.869
5.959
5.408
5.041
4.781
4.587
4.437
4.318
4.221
4.140
4.073
4.015
JP
12345 crxag
7
10
11
12
13
15
16
Transcribed Image Text:Table of Critical t-Values df 1234 I 5 8 10 11 12 13 14 15 0.25 Area in right tail 0.718 0.711 0.706 0.703 0.700 0.20 1.000 1.376 1.061 0.816 0.765 0.978 0.741 0.941 0.727 0.920 0.906 0.896 0.889 0.883 0.879 0.15 0.10 1.963 3.078 1.386 1.886 1.250 1.190 1.156 0.697 0.876 0.695 0.873 1.083 (.694 0.870 1.079 0.692 0.868 1.076 0.691 0.866 1.074 0.690 0.865 1.071 0.05 -Distribution Area in Right Tail 0.025 1.638 2.353 1.533 2.132 2.015 1.476 1.134 1.440 1.943 1.119 1.415 1895 1.108 1860 1.397 1.100 1.383 1.833 1093 1.372 1.812 1.345 1.341 1.337 12.706 6.314 2.920 1088 1.363 1.796 1.356 1.782 1.771 1.350 1.761 1.753 1.746 4.303 3.182 2.776 2.571 2.365 2.306 2.262 2.228 2201 2.179 2.160 2.145 2.131 2.120 0.02 2612 15.894 31.821 6.965 4.849 4.541 3.482 2.999 2.757 LIST 2 449 2.398 2.359 0.01 12.328 2.303 0282 0.005 3.143 2.998 2.896 2.821 2.764 63.657 9.925 5.841 4.604 3.747 3.365 4.032 3.707 3409 3.355 3.250 3.169 2.718 3.106 2.681 3.055 2.650 3.012 2.264 2.624 2.249 2.602 2.583 2.335 2.977 2.947 2.921 27 0.0025 127.321 14.089 7.453 5.598 4.773 4317 4.029 3.833 3.690 3.581 3.497 3.428 3.372 3.326 3.286 3.252 0.001 318.309 22.327 10.215 7.173 5.893 5.208 4.785 4.501 4.297 4.144 4.025 3.930 3.852 3.787 3.733 3.686 0.0005 636.619 31.599 12.924 8.610 6.869 5.959 5.408 5.041 4.781 4.587 4.437 4.318 4.221 4.140 4.073 4.015 JP 12345 crxag 7 10 11 12 13 15 16
The trade volume of a stock is the number of shares traded on a given day. The data in the first accompanying table, in millions (so that 6.16 represents 6,160,000 shares traded), represent the volume of
a PepsiCo stock traded for a random sample of 38 trading days in 2018. A second random sample of 38 days in 2018 resulted in the data in the second accompanying table. Complete parts (a)
through (d).
EX
Click here to view the data for sample 1.
Click here to view the data for sample 2.
Click here to view the table of critical t-values.
....
(a) Use the data from sample 1 to compute a point estimate for the population mean number of shares traded per day in 2018.
A point estimate for the population mean number of PepsiCo shares traded per day in 2018 is
(Round to two decimal places as needed.)
million.
Sample 1 Volumes (millions
6.16
4.98
5.55
4.28
7.28
6.39
4.02
6.69
5.32
5.05
4.95
3.25
4.92
4.41
4.97
5.07
4.80
6.92
4.16
Sample 1
7.54
8.88
7.56
6.10
4.00
6.22
4.64
6.96
6.71
2.37
4.84
4.13
6.67
6.23
7.71
7.29
3.94
5.04
2.42
0
Transcribed Image Text:The trade volume of a stock is the number of shares traded on a given day. The data in the first accompanying table, in millions (so that 6.16 represents 6,160,000 shares traded), represent the volume of a PepsiCo stock traded for a random sample of 38 trading days in 2018. A second random sample of 38 days in 2018 resulted in the data in the second accompanying table. Complete parts (a) through (d). EX Click here to view the data for sample 1. Click here to view the data for sample 2. Click here to view the table of critical t-values. .... (a) Use the data from sample 1 to compute a point estimate for the population mean number of shares traded per day in 2018. A point estimate for the population mean number of PepsiCo shares traded per day in 2018 is (Round to two decimal places as needed.) million. Sample 1 Volumes (millions 6.16 4.98 5.55 4.28 7.28 6.39 4.02 6.69 5.32 5.05 4.95 3.25 4.92 4.41 4.97 5.07 4.80 6.92 4.16 Sample 1 7.54 8.88 7.56 6.10 4.00 6.22 4.64 6.96 6.71 2.37 4.84 4.13 6.67 6.23 7.71 7.29 3.94 5.04 2.42 0
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