A specify the competing hypotheses to test whether the, Basic Statistics

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A specify the competing hypotheses to test whether the

An economist wants to determine whether the Price/ Earnings (P/E) ratio is the same for firm s in three industries. Independent samples of five firm s in each industry show the following results. The data are also available on the text website, labeled Industry P /E.

526_Calculate the value of the test statistic H.png

a. Specify the competing hypotheses to test whether the median P/E ratios differ by industry.

b. Calculate the value of the test statistic H.

c. At the 5% significance level, what is the critical value?

d. Do P/E ratios differ by industry? Explain

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Basic Statistics: A specify the competing hypotheses to test whether the

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