Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Mathematics questions

Question

Summarize the findings of psychotherapy effectiveness studies.

Answered: 1 week ago