Calculate the p-value. p-value = (Round to four decimal places as needed.) Determine a conclusion. Choose the correct answer below. O A. Do not reject Ho. There is insufficient evidence to conclude...

Extracted text: Calculate the p-value. p-value = (Round to four decimal places as needed.) Determine a conclusion. Choose the correct answer below. O A. Do not reject Ho. There is insufficient evidence to conclude that today's price change and yesterday's price change are not independent. O B. Reject Ho. There is insufficient evidence to conclude that today's price change and yesterday's price change are not independent. OC. Do not reject Ho. There is sufficient evidence to conclude that today's price change and yesterday's price change are not independent. O D. Reject Ho There is sufficient evidence to conclude that today's price change and yesterday's price change are not independent.


Extracted text: Price Change Today Up No Change 5 Down Price Change Previous D The table to the right classifies a stock's price change as up, down, or no change for both today's and yesterday's prices. Price changes were examined for 104 days. A financial theory states that the price change of today for a stock must be independent of yesterday's price change. Test the hypothesis that daily stock price changes for this stock are independent. Let a= 0.005. Day Up No Change Down 12 16 10 6 16 16 15 Determine the null and alternative hypotheses for the test. Choose the correct answer below. O A. Ho: Today's price change and yesterday's price change are not independent. HA: Today's price change and yesterday's price change are independent. O B. Ho: Today's price change and yesterday's price change are independent. HA: Today's price change and yesterday's price change are not independent. O C. Ho: Today's price change and yesterday's price change have non-equal proportions. HA: Today's price change and yesterday's price change have equal proportions. O D. Ho: Today's price change and yesterday's price change have equal proportions. HA: Today's price change and yesterday's price change have non-equal proportions. Calculate the test statistic. x = (Round to four decimal places as needed.) Click to select your answer(s).