Question 6Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometerof the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price(The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assumethat 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day.A sample of 73 stocks traded on the NYSE that day showed that 14 went up.You are conducting a study to see if the proportion of stocks that went up is less than 0.3. You use asignificance level of a =0.005.What is the test statistic for this sample? (Report answer accurate to three decimal places.)test statistiC =What is the p-value for this sample? (Report answer accurate to four decimal places.)p-valueThe p-value is...O less than (or equal to) agreater than aThis test statistic leads to a decision to...O reject the null hypothesisaccept the null hypothesisfail to reject the null hypothesisAs such, the final conclusion is that...isThere is enough evidence to show rejection of the claim that the proportion of stocks that wentless than 0.3.dnO There is not enough evidence to show rejection of the claim that the proportion of stocks that went upis less than 0.3.OThere is enough evidence to show that the proportion of stocks that went up is less than 0.3.There is not enough evidence to show that the proportion of stocks that went up is less than 0.3.

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Description: Question 6Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometerof the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price(The Wall Street Journal,

The following null and alternative hypotheses need to be tested: Ho: p = 0.3Ho:p=0.3 Ha: p <…

Math

Statistics

Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good baromet of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assu that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 73 stocks traded on the NYSE that day showed that 14 went up. You are conducting a study to see if the proportion of stocks that went up is less than 0.3. You use a significance level of 0.005

Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good baromet of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assu that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 73 stocks traded on the NYSE that day showed that 14 went up. You are conducting a study to see if the proportion of stocks that went up is less than 0.3. You use a significance level of 0.005

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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