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Many investors and financial analysts belleve the Dow Jones Industrlal Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006,
Many investors and financial analysts belleve the Dow Jones Industrlal Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased In price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financlal analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. A sample of 67 stocks traded on the NYSE that day showed that 29 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 0.3. You use a significance level of a = 0.002. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic= What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value=
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