Question: The Asian economy faltered in the last months of 1997. Investors anticipated that this downturn would have a negative effect on the earnings of companies in the US during the fourth quarter of 1997. Sheet 2 of the data file compares the earnings per share for the 4th quarters of 1996 and 1997 for selected US companies ( WSJ , 1/28/98). We test the research hypothesis that the fourth quarter returns for 1997 are less than those for 1996, against the appropriate null hypothesis. α = 0.05.

a) Show the Excel output for this problem. Very important: You must decide which of the 3 possible t routines is the appropriate one.) Do not show the data.

b) Type a complete sentence as above.