(MAT-152-812K 20235U) Statistical Methods I Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer 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 assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 55 stocks traded on the NYSE that day showed that 15 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a = 0.01. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic Unit 5 (8.2, 8.3, 7.2) Unit 7 Section 7.2: Hypothesis Testing What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value= The p-value is... Oless than (or equal to) a Ogreater than a This test statistic leads to a decision to... reject the null accept the null fail to reject the null

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[MAT-152-812K 20235U] Statistical Methods I
Unit 5 (8.2, 8.3, 7.2)
Unit 7 Section 7.2: Hypothesis Testing
Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good
barometer 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 assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the
same day.
A sample of 55 stocks traded on the NYSE that day showed that 15 went up.
You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You
use a significance level of a 0.01.
What is the test statistic for this sample? (Report answer accurate to three decimal places.)
test statistic=
Content
What is the p-value for this sample? (Report answer accurate to four decimal places.)
p-value=
The p-value is...
O less than (or equal to) a
Ogreater than a
This test statistic leads to a decision to...
Oreject the null
accept the null
fail to reject the null
X +
ke ruch the final cantorian is
A
Transcribed Image Text:X |- B E Course Hero X CA well-known brokerage firm exe x → C blackboard.forsythtech.edu/ultra/courses/39150_1/cl/outline [MAT-152-812K 20235U] Statistical Methods I Unit 5 (8.2, 8.3, 7.2) Unit 7 Section 7.2: Hypothesis Testing Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer 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 assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 55 stocks traded on the NYSE that day showed that 15 went up. You are conducting a study to see if the proportion of stocks that went up is significantly less than 0.3. You use a significance level of a 0.01. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic= Content What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value= The p-value is... O less than (or equal to) a Ogreater than a This test statistic leads to a decision to... Oreject the null accept the null fail to reject the null X + ke ruch the final cantorian is A
Course Hero
P
@blackboard.forsythtech.edu/ultra/courses/ 39150_1/cl/outline
[MAT-152-812K 2023SUJ Statistical Methods I
Unit 5 (8.2, 8.3, 7.2)
The p-value is...
O less than (or equal to) a
O greater than a
This test statistic leads to a decision to...
O reject the null
O accept the null
O fail to reject the null
As such, the final conclusion is that...
O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went
up is less than 0.3.
Unit 7 Section 7.2: Hypothesis Testing fe
There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that
went up is less than 0.3.
O The sample data support the claim that the proportion of stocks that went up is less than 0.3.
O There is not sufficient sample evidence to support the claim that the proportion of stocks that went
up is less than 0.3.
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Transcribed Image Text:Course Hero P @blackboard.forsythtech.edu/ultra/courses/ 39150_1/cl/outline [MAT-152-812K 2023SUJ Statistical Methods I Unit 5 (8.2, 8.3, 7.2) The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null O accept the null O fail to reject the null As such, the final conclusion is that... O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is less than 0.3. Unit 7 Section 7.2: Hypothesis Testing fe There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is less than 0.3. O The sample data support the claim that the proportion of stocks that went up is less than 0.3. O There is not sufficient sample evidence to support the claim that the proportion of stocks that went up is less than 0.3. Question Help: Message instructor Submit Question O 0 ME acer A
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