Question

Do sit down restaurant franchises and fast food franchises differ significantly in stock price? Specifically, is the average stock price for sit-down restaurants less than the average stock price for fast food restaurants? A hypothesis test for two independent samples is run on data recorded from the stock exchange and a p-value is calculated to be 0.2585. What is the appropriate conclusion?

Question 14 options:

	1) The average stock price of sit-down restaurants is significantly less than the average stock price of fast food restaurants.
	2) We did not find enough evidence to say the average stock price of sit-down restaurants is less than the average stock price of fast food restaurants.
	3) The average stock price of sit-down restaurants is greater than or equal to the average stock price of fast food restaurants.
	4) We did not find enough evidence to say a significant difference exists between the average stock price of sit-down restaurants and the average stock price of fast food restaurants.
	5) We did not find enough evidence to say the average stock price of sit-down restaurants is greater than the average stock price of fast food restaurants.

You hear on the local news that for the city of Kalamazoo, the proportion of people who support President Trump is 0.4. However, you think it is different from 0.4. The hypotheses you want to test are Null Hypothesis: p = 0.4, Alternative Hypothesis: p ≠ 0.4. You take a random sample around town and calculate a p-value for your hypothesis test of 0.5930. What is the appropriate conclusion? Conclude at the 5% level of significance.

Question 15 options:

	1) The proportion of people who support President Trump is equal to 0.4.
	2) The proportion of people who support President Trump is significantly different from 0.4.
	3) We did not find enough evidence to say a significant difference exists between the proportion of people who support President Trump and 0.4
	4) We did not find enough evidence to say the proportion of people who support President Trump is less than 0.4.
	5) We did not find enough evidence to say the proportion of people who support President Trump is larger than 0.4.

Answer 1

14)

p value is large

2)	We did not find enough evidence to say the average stock price of sit-down restaurants is less than the average stock price of fast food restaurants.

15} p value is large

We did not find enough evidence to say a significant difference exists between the proportion of people who support President Trump and 0.4