Can you hypothesize a meaningful relationship between the data sets? (Hint: A statistical relationship
- Can you hypothesize a meaningful relationship between the data sets? (Hint: A statistical relationship is not meaningful unless a realistic cause-effect linkage between the data sets can be asserted. For example, is there a meaningful relationship between the rooster crowing and the sun coming up each morning? Clearly not, but we can show a strong statistical relationship even though it is not meaningful.)
- Assuming a meaningful relationship is possible, what would your null and alternative hypotheses be? (Hint: They should be logical opposites. Also, you are testing a relationship; so use a relationship statistic to specify your hypotheses. The answers to questions 2 and 3 can be combined.)
- How would you test your null hypothesis at the 95% confidence interval? (Hint: Apply and explain each of the hypothesis testing steps given in your background information to testing for the relationship.)
Write a 2-3 page MS Word paper addressing the issues above,
| DATE | AVON CLOSE | DJIA |
| 7-Apr-08 | 40.2 | 12,612.43 |
| 8-Apr-08 | 39.72 | 12,576.44 |
| 9-Apr-08 | 39.63 | 12,527.26 |
| 10-Apr-08 | 40.22 | 12,581.98 |
| 11-Apr-08 | 40 | 12,325.42 |
| 14-Apr-08 | 40.65 | 12,302.06 |
| 15-Apr-08 | 40.53 | 12,362.47 |
| 16-Apr-08 | 41.05 | 12,619.27 |
| 17-Apr-08 | 40.06 | 12,620.49 |
| 18-Apr-08 | 40.2 | 12,849.36 |
| 21-Apr-08 | 40.16 | 12,825.02 |
| 22-Apr-08 | 39.75 | 12,720.23 |
| 23-Apr-08 | 39.57 | 12,763.22 |
| 24-Apr-08 | 40.04 | 12,848.95 |
| 25-Apr-08 | 40.16 | 12,891.86 |
| 28-Apr-08 | 40.08 | 12,871.75 |
| 29-Apr-08 | 40.26 | 12,831.94 |
| 30-Apr-08 | 39.02 | 12,820.13 |
| 1-May-08 | 38.53 | 12,010.00 |
| 2-May-08 | 39.49 | 13,058.20 |
| 5-May-08 | 38.78 | 12,969.54 |
| 6-May-08 | 39.51 | 13,020.83 |
| 7-May-08 | 39.55 | 12,814.35 |
| 8-May-08 | 39.66 | 12,866.78 |
| 9-May-08 | 39.37 | 12,745.88 |
| 12-May-08 | 39.23 | 12,876.05 |
| 13-May-08 | 39.09 | 12,832.18 |
| 14-May-08 | 39.37 | 12,898.38 |
| 15-May-08 | 39.3 | 12,992.66 |
| 16-May-08 | 39.31 | 12,986.80 |
Price: $8.34
Solution: The downloadable solution consists of 4 pages, 434 words and 1 charts.
Deliverable: Word Document
Deliverable: Word Document
