Annuity
a Large Annuity Company Holds Many Industry Group Stocks

question 72

Short Answer

Annuity
A large annuity company holds many industry group stocks.Among the industries are banks,business services and construction.Seven companies from each industry group are randomly sampled to test the hypothesis that the mean price per share is the same among industries.The data are: $$\begin{array} { | l | l | l | } \hline { \text { Banks } } & { \text { Business Services } } & { \text { Construction } } \\\hline n _ { 1 } = 7 & n _ { 2 } = 7 & n _ { 3 } = 7 \\\bar { x } _ { 1 } = 41 & \bar { x } _ { 2 } = 30 & \bar { x } _ { 3 } = 24 \\\sum _ { i = 1 } ^ { n _ { 1 } } \left( x _ { 1 } - \bar { x } _ { 1 } \right) ^ { 2 } = 882 & \sum _ { i = 1 } ^ { n _ { 2 } } \left( x _ { i 2 } - \bar { x } _ { 2 } \right) ^ { 2 } = 1266 & \sum _ { i = 1 } ^ { n _ { 1 } } \left( x _ { i 3 } - \bar { x } _ { 3 } \right) ^ { 2 } = 582 \\\hline\end{array}$$
-Compute the test statistic.
Test statistic = ____________________ = ____________________

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Definitions:

Optimism

The inclination to look at the more favorable side of events or conditions and to expect the most favorable outcome.

Positive Psychological Attribute

Characteristics or traits of an individual that are beneficial for their mental health and well-being, such as optimism, resilience, and self-efficacy.

Relational Transparency

A characteristic of authentic leadership involving leaders openly sharing their true thoughts and feelings with followers.

Staff Meeting

A scheduled gathering of employees led by a manager or leader to discuss team objectives, projects, and address any workplace issues.