Question
A sample of 17 discounts broker showed a sample mean price charged for a trade of...
A sample of 17 discounts broker showed a sample mean price charged for a trade of 100 shares at $50 per share was $46.50. Assume a population standard deviation of $4.60. Test the hypothesis that the mean price charged for a trade of 100 shares at $50 per share is at most $43.00 at a=0.0050.
Question1- What is the test statistics?
Question2- What is the decision?
Question3- What is the p-value?
If Z table is appropriate, p - value ?
If T table is appropriate,?
Homework Answers
Answer #1
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