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Historically, the daily trading volume for XYZ has seen the following distribution: 14% of days have a volume between 0 and 8,000 trades; 24% of
- Historically, the daily trading volume for XYZ has seen the following distribution: 14% of days have a volume between 0 and 8,000 trades; 24% of days have between 8,001 and 10,000 trades; 31% of days have between 10,001 and 12,000 trades; 21% of days have between 12,001 and 14,000 trades, and 10% of days have over 14,000 trades. The 105 days of data in the Excel spreadsheet shows the following frequency of days falling within each of those ranges:
Trading Volume | Frequency of observation |
0 to 8000 trades | 14 |
8001 to 10,000 trades | 32 |
10,001 to 12,000 trades | 26 |
12,001 to 14,000 trades | 24 |
Over 14,000 trades | 9 |
Can you say at 5% significance that the data for these 105 days deviate from the given historical distribution? Please use the p-value method to draw your conclusion.
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