Reattempt this question When you are done, click here to see a summary of your score Question with last attempt is displayed for your review only Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day A sample of 61 stocks traded on the NYSE that day showed that 29 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 03. You use a significance level of a 0.001. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = 1S The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to.. reject the nu11

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 26PFA
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Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the
overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street
Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks
traded on the New York Stock Exchange (NYSE) went up the same day
A sample of 61 stocks traded on the NYSE that day showed that 29 went up.
You are conducting a study to see if the proportion of stocks that went up is is significantly more than 03. You use a
significance level of a 0.001.
What is the test statistic for this sample? (Report answer accurate to three
decimal places.)
test statistic =
What is the p-value for this sample? (Report answer accurate to four decimal places.)
p-value =
1S
The p-value is...
less than (or equal to) a
greater than a
This test statistic leads to a decision to..
reject the nu11
Transcribed Image Text:Reattempt this question When you are done, click here to see a summary of your score Question with last attempt is displayed for your review only Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst claims we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day A sample of 61 stocks traded on the NYSE that day showed that 29 went up. You are conducting a study to see if the proportion of stocks that went up is is significantly more than 03. You use a significance level of a 0.001. What is the test statistic for this sample? (Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value = 1S The p-value is... less than (or equal to) a greater than a This test statistic leads to a decision to.. reject the nu11
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