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 $18.00?
A) Since the P-value is more than the selected alpha, there is insufficient evidence to reject the null hypothesis and conclude the mean stock price was at least $18.00
B) Since the P-value is less than the selected alpha, reject the null hypothesis and conclude the mean stock price was lower than $18.00.
C) Since the P-value is more than the selected alpha, reject the null hypothesis and conclude the mean index was less than $18.00.
D) Since the P-value is less than the selected alpha, reject the null hypothesis and conclude the mean index was different from $18.00.
E) Since the confidence interval doesn't contain the value $18.00, reject the null hypothesis and conclude that the mean stock price is different than $18.00.
Correct Answer:

Verified
Correct Answer:
Verified
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