Multiple Choice
The printout below refers to the weekly closing stock prices for Air Canada on 20 randomly
Selected weeks in 2000.
Using a 5% level of significance, can you say that the average Air Canada stock price was less than
$19) 50?
A) Fail to reject the null hypothesis and conclude the mean stock price was $19.50.
B) Since the P-value is less than the selected alpha, reject the null hypothesis and conclude the mean stock price was lower than $19.50.
C) Since the P-value is more than the selected alpha, reject the null hypothesis and conclude the mean stock price was less than $19.50.
D) Since the P-value is less than the selected alpha, reject the null hypothesis and conclude the mean stock price was different from $19.50.
Correct Answer:

Verified
Correct Answer:
Verified
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