Question

1. Create the printout for testing whether the mean low stock price of all NYSE stocks differs from $35 and attach it here. Answer the following questions regarding this printout:

One-Sample T Test

Null Hypothesis: μ = 35

Alternative Hyp: μ ≠ 35

                                                     Lower      Upper

Variable     Mean       SE      T   DF        P   95% C.I.   95% C.I.

Low        52.838   9.1892   1.94   39   0.0595     34.251     71.425

Cases Included 40    Missing Cases 0

1. In the words of the problem, give a practical conclusion for this test. Make sure to include your choice of α in this conclusion

b. In the words of the problem, state what a Type I error would be.

3. Use your knowledge of p-values and the printout above to state what the p-value would have been if you were conducting a one-tailed test instead of the two-tailed test I asked for.

Answer 1