Question
The New York Stock Exchange list of most active stocks for 2003 included the following randomly selected oil-related and non-oil-related stocks with closing prices for
The New York Stock Exchange list of most active stocks for 2003 included the following randomly selected oil-related and non-oil-related stocks with closing prices for the for the year. Test the hypothesis that the median closing price for oil-related stocks is not significantly different from that of all non-oil-related stocks, for an = 0.05. (15 points)
Oil Related Stock Non-Oil Related Stock
Exxon 29.75 IBM 96.25
Mobil 25.16 AT&T 59.37
Texaco 31.15 Sony 15.25
Arco 42.00 Sears 30.16
Standard Oil 32.00 Tandy 50.75
Superior Oil 28.75 K Mart 22.00
GM 62.35 Mattell 16.80
Shell Oil 39.76 Citicorp 32.50
Chrysler 49.83 Digital 99.50
Haliburton 35.32 Apple 22.17
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