a. Choose the competing hypotheses to determine whether stock price depends on the industry. O HO: Stock price is dependent on the industry; HA Stock price is independent on the industry. O Ho: Stock price is independent of the industry; HA Stock price is dependent on the industry. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
An anaiyst is trying to aetermine wnetner the prices of certain stoCKs on tne NASDAQ are indepenaent of the inaustry to wnicn they
belong. She examines four industries and, classifies the stock prices in these industries into one of three categories (high-priced,
average-priced, low-priced).
Industry
II
Stock Price
III
IV
High
Average
Low
21
12
20
16
26
18
17
25
10
15
14
Click here for the Excel Data File
a. Choose the competing hypotheses to determine whether stock price depends on the industry.
O Ho: Stock price is dependent on the industry.; HA: Stock price is independent on the industry.
O Ho: Stock price is independent of the industry; HA: Stock price is dependent on the industry.
b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3
decimal places.)
Test statistic
Prev
7 of 10
Next >
中
- search
Transcribed Image Text:An anaiyst is trying to aetermine wnetner the prices of certain stoCKs on tne NASDAQ are indepenaent of the inaustry to wnicn they belong. She examines four industries and, classifies the stock prices in these industries into one of three categories (high-priced, average-priced, low-priced). Industry II Stock Price III IV High Average Low 21 12 20 16 26 18 17 25 10 15 14 Click here for the Excel Data File a. Choose the competing hypotheses to determine whether stock price depends on the industry. O Ho: Stock price is dependent on the industry.; HA: Stock price is independent on the industry. O Ho: Stock price is independent of the industry; HA: Stock price is dependent on the industry. b-1. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic Prev 7 of 10 Next > 中 - search
b-2. Find the p-value.
O pvalue < 0.01
O 0.018 p-value <0.025
O 0.025 B p-value < 0.05
O 0.05 B p-value <0.10
O p-value 20.1O
c. At a 1% significance level, what can the analyst conclude?
O Do not reject Ho; there is not enough evidence to support the claim that the stock price is dependent on the industr
O Reject Ho; there is enough evidence to support the claim that the stock price is dependent on the industry.
O Reject Ho; there is not enough evidence to support the claim that the stock price is dependent on the industry.
O Do not reject Ho; there is enough evidence to support the claim that the stock price is dependent on the industry.
rev: 10 08 2019 QC_CS-184877
< Prev
7 of 10
Next >
p search
8
近
Transcribed Image Text:b-2. Find the p-value. O pvalue < 0.01 O 0.018 p-value <0.025 O 0.025 B p-value < 0.05 O 0.05 B p-value <0.10 O p-value 20.1O c. At a 1% significance level, what can the analyst conclude? O Do not reject Ho; there is not enough evidence to support the claim that the stock price is dependent on the industr O Reject Ho; there is enough evidence to support the claim that the stock price is dependent on the industry. O Reject Ho; there is not enough evidence to support the claim that the stock price is dependent on the industry. O Do not reject Ho; there is enough evidence to support the claim that the stock price is dependent on the industry. rev: 10 08 2019 QC_CS-184877 < Prev 7 of 10 Next > p search 8 近
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Proportions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman