Quantitative Business Analysis help
Sheet1
| ROE (2001) | ROE (2003) | difference= ROE(2001)- ROE (2003) | ||||||
| Bank of America | 14.1 | 22 | -7.9 | |||||
| Bank 2 | 0 | |||||||
| Bank 3 | 0 | |||||||
| Bank 4 | 0 | |||||||
| Bank 5 | 0 | |||||||
| Bank 6 | 0 | |||||||
| Bank 7 | 0 | |||||||
| Bank 8 | 0 | |||||||
| Bank 9 | 0 | |||||||
| Bank 10 | 0 | |||||||
| Bank 11 | 0 | |||||||
| Bank 12 | 0 | |||||||
| Bank 13 | 0 | |||||||
| Bank 14 | 0 | |||||||
| Bank 15 | 0 | |||||||
| Bank 16 | 0 | |||||||
| Bank 17 | 0 | |||||||
| Bank 18 | 0 | |||||||
| Bank 19 | 0 | |||||||
| Bank 20 | 0 | |||||||
| mean (d)= | -0.395 | |||||||
| standard deviation (d)= | 1.7664937022 | |||||||
| n (no. of banks)= | ||||||||
| SE(md)=std. dev/n where n= sample size | ERROR:#DIV/0! | |||||||
| Find value below from Table- "APPENDIX D STUDENT'S t CRITICAL VALUES" in Text book. Use the one tailed test and choose 3 different signifcance levels. To read the table, look at degree of freedom d(f)=n-1 on y axes of table. On the x axes of tabke pick the significance level from the table and find the corresponding value in the table. So for example if n=12 and significance level=0.05, then t value from table is 1.796 | ||||||||
| t (test statistic)= where t=mean/std. deviation | ERROR:#DIV/0! | Significance value (p or α) | 0.05 or 5% | 0.025 or 2.5% | 0.01 or 1% | |||
| T (critical) |
For your convenience, i have attached the t table to this excel file. Please see tab titled "t table"
For your convenience, i have picked 3 different significance levels. You can pick other levels from the t table as per your like. So for example you can pick 0.1, 0.001, etc.