MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The price of a stock of a high tech company has had an average weekly price of $32 for the past several months. Because of recent changes in the company’s management an investor thinks the average weekly price has changed. To test this claim at the 5% level, the investor collects the average weekly price over a period of 15 weeks. The
(a) What is the test statistic? (Round to two decimal places.)
(b) What is the p-value? (Round to three decimal places.)
(c) What is the conclusion in the context of the problem?
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