Do sit down restaurant franchises and fast food franchises differ significantly in stock price? Specifically, is the average stock price for sit-down restaurants less than the average stock price for fast food restaurants? A hypothesis test for two independent samples is run on data recorded from the stock exchange and a p-value is calculated to be 0.6807. What is the appropriate conclusion? Question 15 options: 1) The average stock price of sit-down restaurants is greater than or equal to the average stock price of fast food restaurants. 2) The average stock price of sit-down restaurants is significantly less than the average stock price of fast food restaurants. 3) We did not find enough evidence to say the average stock price of sit-down restaurants is greater than the average stock price of fast food restaurants. 4) We did not find enough evidence to say a significant difference exists between the average stock price of sit-down restaurants and the average stock price of fast food restaurants. 5) We did not find enough evidence to say the average stock price of sit-down restaurants is less than the average stock price of fast food restaurants.

The p-value of the test is 0.6807.

Answered: Do sit down restaurant franchises and…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Do sit down restaurant franchises and fast food franchises differ significantly in stock price? Specifically, is the average stock price for sit-down restaurants less than the average stock price for fast food restaurants? A hypothesis test for two independent samples is run on data recorded from the stock exchange and a p-value is calculated to be 0.6807. What is the appropriate conclusion?

Question 15 options:

1)	The average stock price of sit-down restaurants is greater than or equal to the average stock price of fast food restaurants.

2)	The average stock price of sit-down restaurants is significantly less than the average stock price of fast food restaurants.

3)	We did not find enough evidence to say the average stock price of sit-down restaurants is greater than the average stock price of fast food restaurants.

4)	We did not find enough evidence to say a significant difference exists between the average stock price of sit-down restaurants and the average stock price of fast food restaurants.

5)	We did not find enough evidence to say the average stock price of sit-down restaurants is less than the average stock price of fast food restaurants.

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