Thanks Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a goodbarometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIAincreased in price.On the basis of this fact, a financial analyst claims we can assume that 62% of the stocks traded on theNew York Stock Exchange (NYSE) went up the same day. A sample of 93 stocks traded on the NYSE that dayshowed that 55 went up. You are conducting a study to see if the proportion of stocks that went up issignificantly smaler than 62%. You use a significance level of a = 0.05.1. For this study, we should use Select an answer v2. The null and alternative hypotheses would be:Hn: ? v Select an answer v(please enter a decimal)Hj:? vSelect an answer v(Please enter a decimal)3. The test statistic =(please show your answer to 3 decimal places.)4. The p-value =(Please show your answer to 4 decimal places.)5. The p-value is ? va6. Based on this, we should Select an answerthe null hypothesis.7. As such, the final conclusion is that ...O The sample data suggest that the populaton proportion is significantly smaller than 62% at a= 0.05, so there is sufficient evidence to conclude that the proportion of stocks that went upis smaller than 62%O The sample data suggest that the population proportion is not significantly smaller than 62%at a = 0.05, so there is not sufficient evidence to conclude that the proportion of stocks thatwent up is smaller than 62%.

From the provided information, Population proportion (p) = 0.62 Sample size (n) = 93 Out of which 55…

Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2017, 9 of the 30 stocks making up the DJIA On the basis of this fact, a financial analyst claims we can assume that 62% of the stocks traded on the showed that 55 went up. You are conducting a study to see if the proportion of stocks that went up is significantly smaller than 62%. You use a significance level of a = 0.05. 1. For this study, we should use Select an answer 2. The null and alternative hypotheses would be: Họ: ? v Select an answer H: ? Select an answer (please enter a decimal) (Please enter a decimal) 3. The test statistic - (please show your answer to 3 decimal places.) 4. The p-value - (Please show your answer to 4 decimal places.) 5. The p-value is ? va 6. Based on this, we should Select an answer v the null hypothesis. 7. As such, the final conclusion is that... O The sample data suggest that the populaton proportion is significantly smaller than 62% at a - 0.05, so there is sufficient evidence to conclude that the proportion of stocks that went up is smaller than 62% O The sample data suggest that the population proportion is not significantly smaller than 62% at a - 0.05, so there is not sufficient evidence to conclude that the proportion of stocks that went up is smaller than 62%.

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.2: Representing Data

Problem 22PFA