The average daily volume of a computer stock in 2011 was u = 35.1 million...

50.1K

Verified Solution

Question

Basic Math

image

The average daily volume of a computer stock in 2011 was u = 35.1 million shares, according to a reliable source. A stock analyst believes that the stock volume in 2018 is different from the 2011 level. Based on a random sample of 30 trading days in 2018, he finds the sample mean to be 32.1 million shares with a standard deviation of s = 12.3 million shares. Test the hypotheses by constructing a 95% confidence interval. Complete parts (a) through (c) below.(a) State the hypotheses for the test.Ho ____ ______35.1 million sharesH1_____ _______35,1 million shares(b) Construct a 95% confidence interval about the sample mean of stocks traded in 2018 With 95% confidence, the mean stock volume in 2018 is between_____ million shares and____ million shares. (Round to three decimal places as needed).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students