T - Test For 2 Paired of Means

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t-Test: Paired Two Sample for Means for Silver

μ1- average opening price of Silver 


μ2- average closing price of Silver

Assuming the null hypothesis i.e. 


Ho: μ1=μ 2 [perception is wrong] (there is no significant difference between average
opening and closing price of silver.)

H1: μ1≠μ2 [perception is right] (there is significant difference between average opening
and closing price of silver.)

Taking confidence level= 95%, α (level of significance) = 0.05 


t-Test: Paired Two Sample for Means OPENING (Rs.) CLOSING (Rs.)
Mean 57961.1 58150.46667
Variance 85811964.29 83149239.95
Observations 60 60
Pearson Correlation 0.980274088  
Hypothesized Mean Difference 0  
Df 59  
t Stat -0.800997432  
P(T<=t) one-tail 0.213173551  
t Critical one-tail 1.671093032  
P(T<=t) two-tail 0.426347103  
t Critical two-tail 2.000995378  

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

μ1- average opening price of Gold


μ2- average closing price of Gold

Assuming the null hypothesis i.e. 


Ho: μ1=μ 2 [perception is wrong] (there is no significant difference between average
opening and closing price of Gold.)

H1: μ1≠μ2 [perception is right] (there is significant difference between average opening
and closing price of Gold.)

Taking confidence level= 95%, α (level of significance) = 0.05 

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

μ1- average opening price of Nifty Metal


μ2- average closing price of Nifty Metal

Assuming the null hypothesis i.e. 


Ho: μ1=μ 2 [perception is wrong - there is no significant difference between average
opening and closing price of Nifty Metal.)

H1: μ1≠μ2 [perception is right - there is significant difference between average opening
and closing price of Nifty Metal.)

Taking confidence level= 95%, α (level of significance) = 0.05 

t-Test: Paired Two Sample for Means Open Close


Mean 2125.493333 2127.52
Variance 28507.50216 28923.63188
Observations 60 60
Pearson Correlation 0.981580474  
Hypothesized Mean Difference 0  
Df 59  
t Stat -0.482326887  
P(T<=t) one-tail 0.315679195  
t Critical one-tail 1.671093032  
P(T<=t) two-tail 0.631358389  
t Critical two-tail 2.000995378  

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

μ1- average high of Nifty Metal


μ2- average low of Nifty Metal

Assuming the null hypothesis i.e. 


Ho: μ1=μ 2 [perception is wrong] (there is no significant difference between average high
and low of Nifty Metal.)

H1: μ1≠μ2 [perception is right] (there is significant difference between average high and
low of Nifty Metal.)

Taking confidence level= 95%, α (level of significance) = 0.05 

t-Test: Paired Two Sample for Means High Low


Mean 2152.820833 2101.9775
Variance 28365.80808 28996.29461
Observations 60 60
Pearson Correlation 0.99463478  
Hypothesized Mean Difference 0  
Df 59  
t Stat 22.32467512  
P(T<=t) one-tail 9.23662E-31  
t Critical one-tail 1.671093032  
P(T<=t) two-tail 1.84732E-30  
t Critical two-tail 2.000995378  

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.

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