In order to invest in the stock market in 2010, you want to estimate the Dow Jones Industrial Average (DJIA) for the previous year, 2009. So, you select a sample from this population by collecting 30 closing prices of the DJIA from the 2009 fiscal year. Use the SPSS statistical program to obtain results. Prepare a report providing all the following information.

Page 1:
1. DESCRIPTION OF THE PROBLEM

• State the population mean you are estimating. Include your best guess as to what the population mean will be.
  2. POPULATION AND SAMPLE
  
• Indicate the population.
• Indicate the sample and the kind of sample.

Page 2:

3. LIST OF SAMPLE POINTS

• A list of all the sample points (include the dates of each 30 daily/weekly closing prices of the DJIA).
• The source of this data.
• PIE CHART

Page 3:

4. THE COMPUTER OUTPUT FOR THE 90% AND 95% CONFIDENCE INTERVALS

5. AN INTERPRETATION OF THE 95% CONFIDENCE INTERVAL

• "I am 95% certain that …"
• Is your best guess of the population mean within the interval?
  

6. A VERIFICATION OF THE 90% CONFIDENCE INTERVAL

Page 4:

7. COMPUTER OUTPUT FOR THE t TEST
Show your computer output for t-Test of the Mean.
Explain your Null Hypothesis (Ho) and your Alternate Hypothesis (H1) -- here your population mean is = or \(\ne \) 8800; your best guess for alpha; = 0.05.

8. P-VALUE

• State the p-value from the computer output.
• Compare that value with alpha = 0.05. What does this comparison tell you?

Page 5:

9. EXPLAINING CONSISTENCY

Explain how the result in part 5 is consistent with your conclusions in parts 7 and 8.

10. PRACTICAL USE
Discuss how your results might be of practical use.

Price: $17.1

Solution: The downloadable solution consists of 9 pages, 810 words and 4 charts.
Deliverable: Word Document