T - Test For 2 Paired of Means
T - Test For 2 Paired of Means
T - Test For 2 Paired of Means
H1: μ1≠μ2 [perception is right] (there is significant difference between average opening
and closing price of silver.)
t critical = 2.00
t stat = -0.80
Conclusion - As, t stat falls under acceptable region, we will accept the Ho, concluding
perception (there is no significant difference between average opening and closing price
of silver) is wrong.
t-Test: Paired Two Sample for Means for Gold
H1: μ1≠μ2 [perception is right] (there is significant difference between average opening
and closing price of Gold.)
t-Test: Paired Two Sample for Means Opening Price Closing Price
Mean 49756.38333 49816.88333
Variance 7147012.647 6945370.037
Observations 60 60
Pearson Correlation 0.976452824
Hypothesized Mean Difference 0
Df 59
t Stat -0.811800825
P(T<=t) one-tail 0.21008457
t Critical one-tail 1.671093032
P(T<=t) two-tail 0.420169141
t Critical two-tail 2.000995378
t critical = 2.00
t stat = -0.81
Conclusion - As, t stat falls under acceptable region, we will accept the Ho, concluding
perception (there is no significant difference between average opening and closing price
of gold) is wrong.
t-Test: Paired Two Sample for Means for Nifty Metal
H1: μ1≠μ2 [perception is right - there is significant difference between average opening
and closing price of Nifty Metal.)
t critical = 2.00
t stat = -0.48
Conclusion - As, t stat falls under acceptable region, we will accept the Ho, concluding
perception (there is no significant difference between average opening and closing price
of Nifty Metal) is wrong.
t-Test: Paired Two Sample for Means for Nifty Metal
H1: μ1≠μ2 [perception is right] (there is significant difference between average high and
low of Nifty Metal.)
t critical = 2.00
t stat = 22.32
Conclusion - As, t stat falls under critical region, we will reject the Ho, concluding
perception (there is significant difference between average high and low of Nifty Metal)
is right.