Quotes:

Wide diversification is only required when investors do not understand what they are doing.
Warren Buffett

 

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Conclusion:

 After running the one Prop Z test for the Totals, we reject the null hypothesis (ho=.30) at the .05 level of significance because our P-value (.0175) was less than the level of significance.  Therefore we have insufficient evidence to suggest that the proportion of 52 week high stocks hitting their high on consecutive days is equal to .30.