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Many investors and financial analysts believe the Dow Jones Industrial Average (010%) gives a good barometer of the overall stock market- On January 31, 2006.

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Many investors and financial analysts believe the Dow Jones Industrial Average (010%) gives a good barometer of the overall stock market- On January 31, 2006. 9 of the 30 stocks making up the 0th increased in price (The Wall Street 13:13" February 1, 2006). On the basis of this fact. a nancial J analyst claims we can assume that of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 79 stocks traded on the NYSE that day showed that 36 went up. You are conducting a study to see if the proportion of stocks that went up is signicantly more than 0.3. You use a significance level ofa 0002. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = I What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value =' The pva|ue is... 0' less than (or equal to) a O greater than or This test statistic leads to a decision to... U reject the null

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