1.A stockbroker thought that the average number of shares of stocks traded daily in the stock market was about 500 million. To test the claim, a researcher selected a random sample of 40 days and found the mean number of shares traded each day was 508 million shares. The standard deviation of the sample was 18.6. At = 0.05 is there enough evidence to reject the brokers claim? Based on the results to you agree or disagree with the broker? Solve using the Traditional Method.

= 508

S= 18.6

n= 40

Test the Null hypothesis that = 500