Question

Access the weekly stock price data for Home Depot on the text website (Home_Depot). Assume that returns are normally distributed with a population standard deviation of $3.
a. State the null and the alternative hypotheses in order to test whether or not the average weekly price differs from $30.
b. Specify the critical value(s) of the test at the 5% significance level.
c. Compute the value of the test statistic.
d. At α = 0.05, can you conclude that the average weekly stock price does not equal $30?



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  • CreatedJanuary 28, 2015
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