company's price/earnings (P/E) ratio is the company's current stock price divided by the latest 12 months' earnings per share. Suppose the following table shows the P/E ratios for a sample of 10 Japanese companies and 12 U.S. companies.JapanP/E Ratio155261912336215616673569 United StatesP/E Ratio142121452811261126391311Is the difference between the P/E ratios for the two countries significant? Use the MWW test and ? = 0.01 to support your conclusion. Find the value of the test statistic.W = Find the p-value. (Round your answer to four decimal places.)p-value =

In MWW test we combine both samples and rank this combined sample from lowest to highest (lowest…

Answered: Is the difference between the P/E…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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company's price/earnings (P/E) ratio is the company's current stock price divided by the latest 12 months' earnings per share. Suppose the following table shows the P/E ratios for a sample of 10 Japanese companies and 12 U.S. companies.

Japan
P/E Ratio
155
26
19
123
36
215
61
667
35
69

United States
P/E Ratio
14
21
21
45
28
11
26
11
26
39
13
11

Is the difference between the P/E ratios for the two countries significant? Use the MWW test and ? = 0.01 to support your conclusion.

Find the value of the test statistic.

W =

Find the p-value. (Round your answer to four decimal places.)

p-value =

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