t-Test: Two-Sample Assuming Unequal Variances 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: Two-Sample Assuming Unequal OPENING CLOSING

Variances (Rs.) (Rs.)
Mean 57961.1 58150.46667
Variance 85811964.29 83149239.95
Observations 60 60
Hypothesized Mean Difference 0  
df 118  
t Stat -0.112845868  
P(T<=t) one-tail 0.455172254  
t Critical one-tail 1.657869522  
P(T<=t) two-tail 0.910344507  
t Critical two-tail 1.980272249  

On comparing P value with α (level of significance) we see that,

P (T <= t) two tail > α
0.91 > 0.05

Thus, accept null hypothesis and perception is wrong.

t-Test: Two-Sample Assuming Unequal Variances 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: Two-Sample Assuming Unequal

Variances Opening Price Closing Price
Mean 49756.38333 49816.88333
Variance 7147012.647 6945370.037
Observations 60 60
Hypothesized Mean Difference 0  
df 118  
t Stat -0.124835696  
P(T<=t) one-tail 0.450433024  
t Critical one-tail 1.657869522  
P(T<=t) two-tail 0.900866049  
t Critical two-tail 1.980272249  

On comparing P value with α (level of significance) we see that,

P (T <= t) two tail > α
0.90 > 0.05

Thus, accept null hypothesis and perception is wrong.

 t-Test: Two-Sample Assuming Unequal Variances Open Close
Mean 2125.493333 2127.52
Variance 28507.50216 28923.63188
Observations 60 60
Hypothesized Mean Difference 0  
df 118  
t Stat -0.065506479  
P(T<=t) one-tail 0.4739408  
t Critical one-tail 1.657869522  
P(T<=t) two-tail 0.9478816  
t Critical two-tail 1.980272249  
t-Test: Two-Sample Assuming Unequal Variances for Nifty Metal

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 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 

On comparing P value with α (level of significance) we see that,

P (T <= t) two tail > α
0.94 > 0.05

Thus, accept null hypothesis and perception is wrong.