Each year Money magazine consultants compile a list of 50 blue-chip stocks. Thes
ID: 2959956 • Letter: E
Question
Each year Money magazine consultants
compile a list of 50 blue-chip stocks.
These stocks are analyzed and suggestions
are made about which ones to buy, which should be held, and which should be sold.
Let us assume that in one issue the consultants recommended
17 “buys” and published this buy list with the quoted prices of each stock.
Stock price
Syntex 23.00
H.J. Heinz 40.75
Marion Merrell Dow 49.95
Rite Aid 56.00
Eli Lilly 47.46
GM E shares 44.75
Merck 39.26
Schering-Plough 53.25
Warner Lambert 42.63
British Telecom 29.75
Borden 57.44
Stanhome 49.00
McGraw-Hill 31.25
glaxo Holdings 33.00
Abbott Labs 43.32
Hubbell B Shares 65.00
Bristol-Meyers 37.3
Test the hypothesis at the .01 level that the distribution of stocks is 11%,24%,30%,24%,11% respectively from smallest dollar amount to the largest dollar amount.
Step 2: select the level of significance.
****just do the second step of this process***
Explanation / Answer
Here, the level of significance is, = 0.01Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.