A random sample of 12 financial analysts was asked to predict the percentage increases in the prices

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A random sample of 12 financial analysts was asked to predict the percentage increases in the prices of two common stocks over the next year. The results obtained are shown in the table. Use the sign test to test the null hypothesis that for the population of analysts there is no overall preference for increases in one stock over the other.

Analyst Stock 1 Stock 2 A 6.8 7.2 B 9.8 12.3 C 2.1 5.3 D 6.2 6.8 E 7.1 7.2 F 6.5 6.2 G 9.3 10.1 H 1.0 2.7 I -0.2 1.3 J 9.6 9.8 K 12.0 12.0 L 6.3 8.9

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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