Determine the hypotheses. Ho

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Solve question (d) please
The volume of a stock is the number of shares traded for a given day. Several years ago, a certain company's stock had a mean daily volume of 7.52 million shares,
according to a reputable financial news outlet. A random sample of 40 trading days in a recent year was obtained and the volume of shares traded on those days
was recorded, with the accompanying results. Complete parts
E Click the icon to view the shares data.
through (d) below.
(a) Draw a histogram of the data. Describe the shape of the distribution.
Draw the histogram of the data. Choose the correct graph below.
OD.
OB.
Value of Stock
O A.
Value of Stock
Value of Stock
Frequency
Frequency
30-
Value of Stock
Frequency
30,
25-
20-
15-
10
5-
0-
0369 12 15 18
Volume (millions of shares)
Frequency
20-
10-
5.
0369 12 15 18
Volume (millions of shares)
0369 12 15 18
Volume (millions of shares)
0369 12 15 18
Volume (millions of shares)
The distribution is skewed right.
(b) Draw a boxplot. Are there any outliers?
OA.
OB.
There are three outliers.
There are no outliers.
There are three outliers.
There are no outliers.
(c) Based on the shape of the histogram and boxplot, explain why a large sample size is necessary to perform inference on the mean using the normal model.
The population distribution is likely to not be normal because the histogram is
skewed right
and the boxplot shows outliers.
(d) Does the evidence suggest that the volume of this company's stock has changed in recent years? Use an a = 0.05 level of significance.
Determine the hypotheses.
Ho
(Type integers or decimals. Do not round.)
Transcribed Image Text:The volume of a stock is the number of shares traded for a given day. Several years ago, a certain company's stock had a mean daily volume of 7.52 million shares, according to a reputable financial news outlet. A random sample of 40 trading days in a recent year was obtained and the volume of shares traded on those days was recorded, with the accompanying results. Complete parts E Click the icon to view the shares data. through (d) below. (a) Draw a histogram of the data. Describe the shape of the distribution. Draw the histogram of the data. Choose the correct graph below. OD. OB. Value of Stock O A. Value of Stock Value of Stock Frequency Frequency 30- Value of Stock Frequency 30, 25- 20- 15- 10 5- 0- 0369 12 15 18 Volume (millions of shares) Frequency 20- 10- 5. 0369 12 15 18 Volume (millions of shares) 0369 12 15 18 Volume (millions of shares) 0369 12 15 18 Volume (millions of shares) The distribution is skewed right. (b) Draw a boxplot. Are there any outliers? OA. OB. There are three outliers. There are no outliers. There are three outliers. There are no outliers. (c) Based on the shape of the histogram and boxplot, explain why a large sample size is necessary to perform inference on the mean using the normal model. The population distribution is likely to not be normal because the histogram is skewed right and the boxplot shows outliers. (d) Does the evidence suggest that the volume of this company's stock has changed in recent years? Use an a = 0.05 level of significance. Determine the hypotheses. Ho (Type integers or decimals. Do not round.)
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