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The average daily volume of a computer stock in 2011 was u = 35.1 million shares, according to a reliable source. A stock analyst believes
The average daily volume of a computer stock in 2011 was u = 35.1 million shares, according to a reliable source. A stock analyst believes that the stock volume in 2014 is different from the 2011 level. Based on a random sample of 30 trading days in 2014, he finds the sample mean to be 26.6 million shares, with a standard deviation of s = 11.2 million shares. Test the hypotheses by constructing a 95% confidence interval. Complete parts (a) through (c) below. . . . . . (a) State the hypotheses for the test. Ho: = 35.1 million shares H1 : # 35.1 million shares (b) Construct a 95% confidence interval about the sample mean of stocks traded in 2014. The lower bound is million shares. The upper bound is million shares. (Round to three decimal places as needed.)
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