The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null accept the null O fail to reject the null As such, the final conclusion...

Extracted text: The p-value is... O less than (or equal to) a O greater than a This test statistic leads to a decision to... O reject the null accept the null O fail to reject the null As such, the final conclusion is that... O There is sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is less than 0.3. O There is not sufficient evidence to warrant rejection of the claim that the proportion of stocks that went up is less than 0.3. O The sample data support the claim that the proportion of stocks that went up is less than 0.3. O There is not sufficient sample evidence to support the claim that the proportion of stocks that went up is less than 0.3.


Extracted text: Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) gives a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks making up the DJIA increased in price (The Wall Street Journal, February 1, 2006). On the basis of this fact, a financial analyst says that maybe we can assume that 30% of the stocks traded on the New York Stock Exchange (NYSE) went up the same day. You have decided to do your own test. A sample of 78 stocks traded on the NYSE that day showed that 15 went up. You are going to complete your test to see if the proportion stocks that went up is significantly less than 0.3. You use a significance level of a = 0.001. What is the test statistic for this sample? (This is called the Z-Stat in your StatCrunch output. Report answer accurate to three decimal places.) test statistic = What is the p-value for this sample? (Report answer accurate to four decimal places.) p-value =