Question: In Example 7 in Chapter 8 we compared the number of shares of General Electric stock traded on Mondays and on Fridays during February through
Mondays: 45, 43, 43, 66, 91, 53, 35, 45, 29, 64, 56
Fridays: 43, 41, 45, 46, 61, 56, 80, 40, 48, 49, 50, 41
Using software,
a. Plot the data. Summarize what the plot shows.
b. State the hypotheses and give the P-value for the Wilcoxon test for comparing the two groups with a two-sided alternative hypothesis.
c. Construct a 95% confidence interval for comparing the population medians. Interpret and explain what (if any) effect the day of the week (Monday versus Friday) has on the median number of shares traded.
d. State the assumptions for the methods in parts b and c.
Step by Step Solution
3.40 Rating (178 Votes )
There are 3 Steps involved in it
a The box plots suggest that the Monday trading volumes are heavily skewed to the right and are more ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
531-M-S-N-S (1520).docx
120 KBs Word File
