The prices (in $) of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x₁), and the volume of exchange (in millions) on the New York Stock Exchange (x₂ shown below. Day 1 3 4 2 86.00 944 11.50 5 6 8 9 y X1 87.50 951 10.75 12 84.00 939 11.50 83.00 929 12.00 7 82.00 933 13.50 84.50 934 11.75 *2 84.00 936 12.75 80.00 939. 14.25 78.50 10 79.00 899 16.75 ANOVA 11 77.00 874 17.25 926 15.25 77.50 869 17.25 Regression Residual Excel was used to determine the least squares regression equation. Part of the computer output is shown below. Total df 2 to answer this question. SS MS 11 131.9167 60.5312 121.0625 9 10.8542 1.2060 F 50.1910 Significance F 0.0000 40

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
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Problem 106E
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D
Find the value of the test statistic. (Round your answer to two decimal places.)
?
Find the p-value. (Round your answer to four decimal places.)
p-value =
What is your conclusion at the 0.01 level of significance?
O Do not reject Ho. There is insufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor.
O Reject Ho. There is sufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor.
O Reject Ho. There is insufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor.
O Do not reject Ho. There is sufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor.
State the null and alternative hypotheses for the volume of exchange (in millions) on the New York Stock Exchange. (Enter != for # as needed.)
Ho:
H₂:
Find the value of the test statistic. (Round your answer to two decimal places.)
Find the p-value. (Round your answer to four decimal places.)
p-value =
What is your conclusion at the 0.01 level of significance?
O Do not reject Ho. There is insufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor.
O Reject Ho. There is sufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor.
O Do not reject Ho. There is sufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor.
O Reject Ho. There is insufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor.
(d) If on a given day, the number of shares of the company that were sold was 94,800 and the volume of exchange on the New York Stock Exchange was 17 million, what would you expect the price (in $) of the stock to
be? (Round your answer to two decimal places.)
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Transcribed Image Text:D Find the value of the test statistic. (Round your answer to two decimal places.) ? Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion at the 0.01 level of significance? O Do not reject Ho. There is insufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor. O Reject Ho. There is sufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor. O Reject Ho. There is insufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor. O Do not reject Ho. There is sufficient evidence to conclude that the number of shares (in 100s) of company's stocks sold is a significant factor. State the null and alternative hypotheses for the volume of exchange (in millions) on the New York Stock Exchange. (Enter != for # as needed.) Ho: H₂: Find the value of the test statistic. (Round your answer to two decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = What is your conclusion at the 0.01 level of significance? O Do not reject Ho. There is insufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor. O Reject Ho. There is sufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor. O Do not reject Ho. There is sufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor. O Reject Ho. There is insufficient evidence to conclude that the volume of exchange (in millions) on the New York Stock Exchange is a significant factor. (d) If on a given day, the number of shares of the company that were sold was 94,800 and the volume of exchange on the New York Stock Exchange was 17 million, what would you expect the price (in $) of the stock to be? (Round your answer to two decimal places.) f2 f3 # * f4 ***** 17 $ f5 % 01 f6 4- f7 ♫+ & 7 2 fg Bi * fg ▷II hp f10 DDI f12 insert W prt sc ON G delete backspace home num lock 4) O end 1:22 PM 11/29/2022 pg up 6 pg
You may need to use the appropriate technology to answer this question.
The prices (in $) of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x₁), and the volume of exchange (in millions) on the New York Stock Exchange (x₂) are
shown below.
f
Day
2
1
2
f2
3
4
5
6
7
8
y X1
87.50 951 10.75
12
86.00 944 11.50
84.00 939 11.50
83.00 929 12.00
84.50 934 11.75
84.00 936 12.75
82.00 933 13.50
x2
9 78.50 926 15.25
80.00 939 14.25
10 79.00 899 16.75
ANOVA
11 77.00 874 17.25
Excel was used to determine the least squares regression equation. Part of the computer output is shown below.
77.50 869 17.25
Regression
Residual
Total
f3
df
2
9
SS
121.0625
10.8542
11 131.9167
f4
MS
60.5312
1.2060
f5
40
F
50.1910
f6
4-
Significance F
0.0000
4+
f8
IAA
fg
Ā
hp
▷II
f10
DDI
f11
Ø
f12
insert
prt sc
delete
home
end
1:21 PM
11/29/2022
pg us
Transcribed Image Text:You may need to use the appropriate technology to answer this question. The prices (in $) of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x₁), and the volume of exchange (in millions) on the New York Stock Exchange (x₂) are shown below. f Day 2 1 2 f2 3 4 5 6 7 8 y X1 87.50 951 10.75 12 86.00 944 11.50 84.00 939 11.50 83.00 929 12.00 84.50 934 11.75 84.00 936 12.75 82.00 933 13.50 x2 9 78.50 926 15.25 80.00 939 14.25 10 79.00 899 16.75 ANOVA 11 77.00 874 17.25 Excel was used to determine the least squares regression equation. Part of the computer output is shown below. 77.50 869 17.25 Regression Residual Total f3 df 2 9 SS 121.0625 10.8542 11 131.9167 f4 MS 60.5312 1.2060 f5 40 F 50.1910 f6 4- Significance F 0.0000 4+ f8 IAA fg Ā hp ▷II f10 DDI f11 Ø f12 insert prt sc delete home end 1:21 PM 11/29/2022 pg us
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