Mathematics, 16.06.2020 22:57 garzamatt7
The volume of a stock is the number of shares traded for a given day. Several years ago, a certain company's stock had a mean daily volume of 7.52 million shares, according to a reputable financial news outlet. A random sample of 40 trading days in a recent year was obtained and the volume of shares traded on those days was recorded, with the accompanying results.
Required:
a. Find the test statistic:
b. Find the P-value
c. The level of significance is .05. what can be concluded from the hypothesis?
Volume (millions of shares)
4.1531 2.8893
4.6228 6.0203
5.6386 6.2774
4.5822 3.968
5.6903 4.0065
4.4313 11.2343
7.3941 2.6991
9.0557 3.2285
7 9800 4.2762
10.1556 3.2913
3.4189 5.8544
4.5624 2.6153
7.3287 8.1435
9.1723 5.3304
3.6798 4.1807
4.2868 5.3668
5.5448 1.7945
3.7656 5.0502
4.0201 3.1832
3 .798 5.4563
Answers: 2
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The volume of a stock is the number of shares traded for a given day. Several years ago, a certain c...
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