One particular professional association of investors conducts a weekly survey of its members to measure the percent who are bullish, bearish, and neutral on the stock market for the next six months. The survey results showed 38.1% pullish, 22.2% neutral, and 39.7% bearish. Assume these results are based on a sample of 300 members. (a) Over the long term, the proportion of bullish members is 0.39. Conduct a hypothesis test at the 5% level of significance to see if the current sample results show that bullish sentiment differs from its long term average of 0.39. What are your findings? Formulate the hypotheses that can be used to determine whether the bullish sentiment differs from its long term average of 0.39. O Ho: p > 0.39 H:ps 0.39 O Ho: p = 0.39 H:p+ 0.39 Ho:p< 0.39 H:P2 0.39 O Ho: P2 0.39 H:p< 0.39 O Ho:ps 0.39 H:p> 0.39 Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value -

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
One particular professional association of investors conducts a weekly survey of its members to measure the percent who are bullish, bearish, and neutral on the stock market for the next six months. The survey results showed 38.1% bullish, 22.2% neutral, and 39.7% bearish. Assume these results are based on a sample of 300 members.

(a) Over the long term, the proportion of bullish members is 0.39. Conduct a hypothesis test at the 5% level of significance to see if the current sample results show that bullish sentiment differs from its long-term average of 0.39. What are your findings?

Formulate the hypotheses that can be used to determine whether the bullish sentiment differs from its long-term average of 0.39.

- \( H_0: p > 0.39 \)  
  \( H_a: p \leq 0.39 \)

- \( H_0: p = 0.39 \)  
  \( H_a: p \neq 0.39 \)

- \( H_0: p < 0.39 \)  
  \( H_a: p \geq 0.39 \)

- \( H_0: p = 0.39 \)  
  \( H_a: p > 0.39 \)

- \( H_0: p > 0.39 \)  
  \( H_a: p \leq 0.39 \)

- \( H_0: p \geq 0.39 \)  
  \( H_a: p < 0.39 \)

- \( H_0: p \leq 0.39 \)  
  \( H_a: p > 0.39 \)

Find the value of the test statistic. (Round your answer to two decimal places.)

\[ \text{Test Statistic:} \]
\[
 \text{(Input box here)}
\]

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

\[ p\text{-value} = \]
\[
 \text{(Input box here)}
\]

What is your conclusion?

- \( \text{Do not reject } H_0. \) There is insufficient evidence to conclude that the bullish sentiment differs from its long-term average of 0.39.

- \( \text{Reject } H_0. \) There is sufficient
Transcribed Image Text:One particular professional association of investors conducts a weekly survey of its members to measure the percent who are bullish, bearish, and neutral on the stock market for the next six months. The survey results showed 38.1% bullish, 22.2% neutral, and 39.7% bearish. Assume these results are based on a sample of 300 members. (a) Over the long term, the proportion of bullish members is 0.39. Conduct a hypothesis test at the 5% level of significance to see if the current sample results show that bullish sentiment differs from its long-term average of 0.39. What are your findings? Formulate the hypotheses that can be used to determine whether the bullish sentiment differs from its long-term average of 0.39. - \( H_0: p > 0.39 \) \( H_a: p \leq 0.39 \) - \( H_0: p = 0.39 \) \( H_a: p \neq 0.39 \) - \( H_0: p < 0.39 \) \( H_a: p \geq 0.39 \) - \( H_0: p = 0.39 \) \( H_a: p > 0.39 \) - \( H_0: p > 0.39 \) \( H_a: p \leq 0.39 \) - \( H_0: p \geq 0.39 \) \( H_a: p < 0.39 \) - \( H_0: p \leq 0.39 \) \( H_a: p > 0.39 \) Find the value of the test statistic. (Round your answer to two decimal places.) \[ \text{Test Statistic:} \] \[  \text{(Input box here)} \] Find the p-value. (Round your answer to four decimal places.) \[ p\text{-value} = \] \[  \text{(Input box here)} \] What is your conclusion? - \( \text{Do not reject } H_0. \) There is insufficient evidence to conclude that the bullish sentiment differs from its long-term average of 0.39. - \( \text{Reject } H_0. \) There is sufficient
### Hypothesis Testing for Bearish Sentiment

**Scenario:**  
Over the long term, the proportion of bearish members is 0.30. Conduct a hypothesis test at the 1% level of significance to determine if the current sample results show that bearish sentiment is above its long-term average of 0.30.

### Hypotheses Formulation
Select the appropriate hypotheses for the test:

- \( H_0: p = 0.30 \)  
  \( H_a: p \neq 0.30 \)

- \( H_0: p > 0.30 \)  
  \( H_a: p \leq 0.30 \)

- \( H_0: p < 0.30 \)  
  \( H_a: p \geq 0.30 \)

- \( H_0: p = 0.30 \)  
  \( H_a: p > 0.30 \)

- \( H_0: p = 0.30 \)  
  \( H_a: p < 0.30 \)

### Calculations
- **Find the value of the test statistic:**  
  (Round your answer to two decimal places.)

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

### Conclusion
Answer the following question based on your calculations:

- **Reject \( H_0 \):** There is sufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30.

- **Do not reject \( H_0 \):** There is sufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30.

- **Reject \( H_0 \):** There is insufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30.

- **Do not reject \( H_0 \):** There is insufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30.

### Generalization to All Investors
Would you feel comfortable extending these results to all investors? Why or why not?

- **Yes:** The association contains investors. Therefore, it is fine to generalize these results to all investors.

- **Yes:** Members of this professional association may be different from other types of investors. Therefore, it is fine to generalize these results to all investors.

- **No:** Members of this professional association may
Transcribed Image Text:### Hypothesis Testing for Bearish Sentiment **Scenario:** Over the long term, the proportion of bearish members is 0.30. Conduct a hypothesis test at the 1% level of significance to determine if the current sample results show that bearish sentiment is above its long-term average of 0.30. ### Hypotheses Formulation Select the appropriate hypotheses for the test: - \( H_0: p = 0.30 \) \( H_a: p \neq 0.30 \) - \( H_0: p > 0.30 \) \( H_a: p \leq 0.30 \) - \( H_0: p < 0.30 \) \( H_a: p \geq 0.30 \) - \( H_0: p = 0.30 \) \( H_a: p > 0.30 \) - \( H_0: p = 0.30 \) \( H_a: p < 0.30 \) ### Calculations - **Find the value of the test statistic:** (Round your answer to two decimal places.) - **Find the p-value:** (Round your answer to four decimal places.) ### Conclusion Answer the following question based on your calculations: - **Reject \( H_0 \):** There is sufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30. - **Do not reject \( H_0 \):** There is sufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30. - **Reject \( H_0 \):** There is insufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30. - **Do not reject \( H_0 \):** There is insufficient evidence to conclude that the bearish sentiment is above its long-term average of 0.30. ### Generalization to All Investors Would you feel comfortable extending these results to all investors? Why or why not? - **Yes:** The association contains investors. Therefore, it is fine to generalize these results to all investors. - **Yes:** Members of this professional association may be different from other types of investors. Therefore, it is fine to generalize these results to all investors. - **No:** Members of this professional association may
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Proportions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman