An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which 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 Stock Price I II III IV High Average 20 11 18 16 29 26 7 10 Low 3 11 1 7 E 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.; HẠ: Stock price is independent on the industry. O Ho: Stock price is independent of the industry.; HẠ: Stock price is dependent on the industry. O 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

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An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which 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
Stock Price
II
III
IV
High
20
11
18
16
Average
29
26
7
10
Low
3
11
1
7
Click here for the Excel Data File
a. Choose the competing hypotheses to determine whether stock price depends on the industry.
Ho: Stock price is dependent on the industry.; HA: Stock price is independent on the industry.
Ho: Stock price is independent of the industry.; HẠ: 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
Transcribed Image Text:An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which 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 Stock Price II III IV High 20 11 18 16 Average 29 26 7 10 Low 3 11 1 7 Click here for the Excel Data File a. Choose the competing hypotheses to determine whether stock price depends on the industry. Ho: Stock price is dependent on the industry.; HA: Stock price is independent on the industry. Ho: Stock price is independent of the industry.; HẠ: 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
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