QUESTION 4 TD Ameritrade claims that the mean price charged for a trade of 100 shares at $50 per share is at least $45. Thirteen discount brokers were random the mean price charged for a trade of 100 shares at $50 per share was $43.91.Assume a population standard deviation of $243. Can you reject TD. claim at a17 For the hypothesis stated above, what is the test statistic Oa. 2.5062 Ob. None of the answers is correct OC 1.6173 d.-0.9036 O 4.4856

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
**Question 4**

TD Ameritrade claims that the mean price charged for a trade of 100 shares at $50 per share is at least $45. Thirteen discount brokers were randomly selected, and the mean price charged for a trade of 100 shares at $50 per share was $43.91. Assume a population standard deviation of $2.43. Can you reject TD Ameritrade's claim at α = .17?

For the hypothesis stated above, what is the test statistic?

a. -2.5062  
b. None of the answers is correct  
c. -1.6173  
d. -0.9036  
e. -4.4856  

**Question 5**

| Normal  |      |      |
|---------|------|------|
| mu1     | 2.23 |      |

Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Transcribed Image Text:**Question 4** TD Ameritrade claims that the mean price charged for a trade of 100 shares at $50 per share is at least $45. Thirteen discount brokers were randomly selected, and the mean price charged for a trade of 100 shares at $50 per share was $43.91. Assume a population standard deviation of $2.43. Can you reject TD Ameritrade's claim at α = .17? For the hypothesis stated above, what is the test statistic? a. -2.5062 b. None of the answers is correct c. -1.6173 d. -0.9036 e. -4.4856 **Question 5** | Normal | | | |---------|------|------| | mu1 | 2.23 | | Click Save and Submit to save and submit. Click Save All Answers to save all answers.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
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