The solution would be like this for this specific problem:
H0: p = p0, or <span>
H0: p ≥ p0, or
H0: p ≤ p0 </span>
find the test statistic z
= (pHat - p0) / sqrt(p0 * (1-p0) / n)
where pHat = X / n
The p-value of the test is
the area under the normal curve that is in agreement with the alternate
hypothesis. <span>
H1: p ≠ p0; p-value is the area in the tails greater than |z|
H1: p < p0; p-value is the area to the left of z
H1: p > p0; p-value is the area to the right of z </span>
Hypothesis equation:
H0: p ≥ 0.67 vs. H1: p
< 0.67
The test statistic is: <span>
z = ( 0.5526316 - 0.67 ) / ( √ ( 0.67 * (1 - 0.67 ) / 38 )
z = -1.538681 </span>
The p-value = P( Z < z
) <span>
= P( Z < -1.538681 )
<span>= 0.0619</span></span>
The change in the price of the stock is $46.67.
<h3>How to calculate the change in price?</h3>
From the information given, the current price will be:
= Annual dividend / Required rate
= 7/0.1
= $70
The market value of the shares will be:
= 7/6%
= 7/0.06
= $116.67
Therefore, the change in the price of the stock will be:
= $116.67 - $70
= $46.67
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Sounds like 18 servings to me.
6 quarters go into 1.5
6 x 3 is 18 so 18 servings.
the awnseer is 910 jfakfneanfeg
