Question
Are some days of the week busier than others on the New York Stock Exchange (NYSE)? Record the number of shares traded on the NYSE
Are some days of the week busier than others on the New York Stock Exchange (NYSE)? Record the number of shares traded on the NYSE each day for a period of 6 weeks (round the number of shares to the nearest million). You will have five samplesfirst for shares traded on 6 Mondays, second for shares traded on 6 Tuesdays, and so forth. Assume that these days make up random samples for the respective populations. Further assume that each of the five populations from which these five samples are taken follows a normal distribution with the same variance. Test if the mean number of shares traded is the same for each of the five populations. Use a 1% significance level.
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