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Annuity
a Large Annuity Company Holds Many Industry Group Stocks

Question 115

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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:  Banks  Business Services  Construction n1=7n2=7n3=7xˉ1=41xˉ2=30xˉ3=24i=1n1(x1xˉ1)2=882i=1n2(xi2xˉ2)2=1266i=1n1(xi3xˉ3)2=582\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}
-State the null and alternative hypothesis.
H0: ____________________
H1: ___________________________________

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