Question

A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the...

A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is greater than the average price per share of stock on January 1, 2009 at α=.05.

Apr. 30, 2009   35   38   26   29   30   34
Jan. 1, 2009   28   30   27   24   30   20

For the hypothesis stated above, what is the decision (in terms of "April 30, 2009" minus "January 1, 2009")?

a.

Fail to reject H0 because the test statistic is to the right of the positive critical value

b.

Reject H0 because P-value > α

c.

Fail to reject H0 because P-value > α

d.

None of the answers is correct

e.

Reject H0 because the test statistic is to the right of the positive critical value

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is less than the average price per share of stock on January 1, 2009 at α=.025. Apr. 30, 2009   33   27   32   25   35   34 Jan. 1,...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is greater than the average price per share of stock on January 1, 2009 at α=.025. Apr. 30, 2009   33   33   34   30   33   38 Jan. 1,...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is less than the average price per share of stock on January 1, 2009 at α=.01. Apr. 30, 2009 42 32 34 23 19 18 Jan. 1,...
2 Apr. 30, 2009   35   38   26   29   30   34 Jan. 1, 2009   28   30   27...
2 Apr. 30, 2009   35   38   26   29   30   34 Jan. 1, 2009   28   30   27   24   30   20 A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is greater than the average price per share...
Question 8 According to AARP, in 2008, 49% of all annual expenditure on restaurant food was...
Question 8 According to AARP, in 2008, 49% of all annual expenditure on restaurant food was by Americans age 50+. In fact AARP claims the average annual expenditure for Americans age 50+ on restaurant food in 2008 was $1875. Suppose a 2015 study randomly sampled 42 Americans age 50+ and found an average annual expenditure on restaurant food of $2115 with a standard deviation of $600. Is there reason to believe that the average annual expenditure for Americans age 50+...
An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are...
An analyst is trying to determine whether the prices of certain stocks on the NASDAQ are independent of the industry to which they belong. She examines four industries and classifies the stock prices in these industries into one of three categories (high-priced, average-priced, low-priced). Industry Stock Price I II III IV   High 26      14      12      22        Average 30      28      19      14        Low 9      8      8      13      Click here...
A "sleep habits" survey answered by 48 randomly selected New Yorkers contained the question "How much...
A "sleep habits" survey answered by 48 randomly selected New Yorkers contained the question "How much sleep do you get per night?" The sample average was 7.85 hours, with a corresponding sample standard deviation of 0.82 hours. We want to test against the null hypothesis that New Yorkers get, on average, 8 hours of sleep per night. α=0.05. b. The t test statistic is: _______ (Round your answer to 3 decimal places) c. The approximate 95% CI is: ______ to...
A random sample of 140 observations is selected from a binomial population with unknown probability of...
A random sample of 140 observations is selected from a binomial population with unknown probability of success p. The computed value of p^ is 0.71. (1) Test H0:p≤0.65 against Ha:p>0.65. Use α=0.01. test statistic z= critical z score The decision is A. There is sufficient evidence to reject the null hypothesis. B. There is not sufficient evidence to reject the null hypothesis. (2) Test H0:p≥0.5 against Ha:p<0.5. Use α=0.01. test statistic z= critical z score The decision is A. There...
An analyst collected data from 25 randomly selected transactions and found the purchase amounts​ (in $)....
An analyst collected data from 25 randomly selected transactions and found the purchase amounts​ (in $). The mean is $22.13 and the standard deviation is ​$13.42 The analyst wants to know if the mean purchase amount of all transactions is at least $17. 36.07 23.25 22.62 17.78 45.82 47.76 31.97 6.77 42.95 10.89 13.11 5.96 28.56 15.29 16.19 6.88 4.74 18.33 10.07 18.02 8.68 35.77 41.98 16.66 27.11 ​a) What is the null​ hypothesis? b) Is the alternative​ one- or​...
In a study of 780 randomly selected medical malpractice​ lawsuits, it was found that 516 of...
In a study of 780 randomly selected medical malpractice​ lawsuits, it was found that 516 of them were dropped or dismissed. Use a 0.01 significance level to test the claim that most medical malpractice lawsuits are dropped or dismissed. Which of the following is the hypothesis test to be​ conducted? A. H0: p=0.5 H1: p>0.5 B. H0: p<0.5 H1: p=0.5 C. H0: p≠0.5 H1: p=0.5 D. H0: p=0.5 H1: p<0.5 E. H0: p=0.5 H1: p≠0.5 F. H0: p>0.5 H1 :...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT