Question: In problem 6.12 on page 229, it was assumed that the number of All Ordinaries shares traded daily on the Australian Securities Exchange (ASX) is
In problem 6.12 on page 229, it was assumed that the number of All Ordinaries shares traded daily on the Australian Securities Exchange (ASX) is a normal random variable.
a. To test this assumption use the All Ordinaries daily volume of trade for the 2016–17 financial year
< ALL_ORDS_2016_17 > to:
i. construct a stem-and-leaf display, histogram, polygon and/or box-and-whisker plot ii. evaluate the actual versus theoretical properties iii. construct a normal probability plot
b. Discuss the results in (a). Are the number of All Ordinaries shares traded daily approximately normal?
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