Create the printout for testing whether the mean low stock price of all NYSE stocks differs from...

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  1. Create the printout for testing whether the meanlow stock price of all NYSEstocks differs from $35 and attach it here. Answer thefollowing questions regarding this printout:

Student Edition of Statistix10.0                         4/21/2020, 5:29:39 AM

One-Sample T Test

Null Hypothesis: μ = 35

Alternative Hyp: μ ≠ 35

                                                                         Lower    Upper

Variable Mean      SE        T      DF            P      95% C.I.95% C.I.

Low      28.369  5.2626   -1.26    64        0.2123   17.856 38.883

Cases Included 65    Missing Cases 0

  1. In the words of the problem, give a practical conclusion forthis test. Make sure to include your choice of α in thisconclusion.
  2. In the words of the problem, state what a Type I error wouldbe.
  3. Use your knowledge of p-values and the printout above to statewhat the p-value would have been if you were conducting aone-tailed test instead of the two-tailed test I asked for.

Answer & Explanation Solved by verified expert
3.8 Ratings (703 Votes)
We Have OneSample T Test Null Hypothesis 35 Alternative Hyp 35 Lower Upper Variable Mean SE T DF P 95 CI 95 CI Low 28369 52626 126 64 02123 17856 38883 Cases    See Answer
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