## Many investors and financial analysts believe the Dow Jones Industrial Average (

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 52 stocks traded on the NYSE that day showed that 10 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level ofa = .10What 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 = ____________?The p-value is…________?less than or = toaORgreater thanaThis test statistic leads to a decision to______?reject the nullORaccept the nullORfail to reject the nullMany 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 52 stocks traded on the NYSE that day showed that 10 went up.You are conducting a study to see if the proportion of stocks that went up is is significantly less than 0.3. You use a significance level ofa = .10What 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 = ____________?The p-value is…________?less than or = toaORgreater thanaThis test statistic leads to a decision to______?reject the nullORaccept the nullORfail to reject the null