Question
Dow Jones MEan= 9.83, Dow Jones Standard deviation= 14.57 GDP Growth Mean= 2.63, Standard deviation= 1.96 Test the hypothesis that the Dow Jones grows faster
Dow Jones MEan= 9.83, Dow Jones Standard deviation= 14.57
GDP Growth Mean= 2.63, Standard deviation= 1.96
Test the hypothesis that the Dow Jones grows faster than the GDP. (show your test procedures as follows).
- State the null and alternative hypothesis.
- State the test statistics and find its value.
- Set alpha at 5% in conducting the test.
- State your conclusion and justify it.
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
