(Solved): Do sit down restaurant franchises and fast food franchises differ significantly in stock price? Spe ...
Do sit down restaurant franchises and fast food franchises differ significantly in stock price? Specifically, is the average stock price for sit-down restaurants different from the average stock price for fast food restaurants? If sit down restaurants are in group 1 and fast food restaurants are in group 2, the hypotheses for this scenario are as follows: Null Hypothesis: ? = ??, Alternative Hypothesis: H? H?. In a random sample of 38 sit down restaurants, you find that the average stock price is $150.258 with a standard deviation of $10.7742. For 58 fast food restaurants, the average stock price is $145.825 with a standard deviation of $15.4013. Conduct a two independent sample t-test. What is the test statistic and p-value for this test? Assume the population standard deviations are the same. I 1) Test Statistic: 1.543, P-Value: 0.0631 2) Test Statistic: 1.543, P-Value: 0.1262 3) Test Statistic: 1.543, P-Value: 1.9369 4) Test Statistic: -1.543, P-Value: 0.1262 5) Tort Statistic: 1 543 P-Value: 09369