82
T-Test
c. Small Capitalization
T-Test
Group Statistics
4 ,0076
,02679 ,01340
237 ,0003
,01320 ,00086
Return Holiday
Non Holiday 2012
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
8,710 ,003
1,069 239
,286 ,00726
,00678 -,00611
,02062 ,541
3,025 ,626
,00726 ,01342
-,03527 ,04978
Equal v ariances assumed
Equal v ariances not assumed
2012 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0000
,02009 ,01005
234 ,0002
,02116 ,00138
Return Holiday
Non Holiday 2013
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,065 ,798
-,014 236
,989 -,00015
,01066 -,02116
,02086 -,015
3,115 ,989
-,00015 ,01014
-,03176 ,03146
Equal v ariances assumed
Equal v ariances not assumed
2013 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
8 -,0071
,01593 ,00563
228 -,0024
,02039 ,00135
Return Holiday
Non Holiday 2000
N Mean
Std. Dev iat ion Std. Error
Mean
83
T-Test
T-Test
Independent Samples Test
,109 ,742
-,636 234
,525 -,00464
,00729 -,01900
,00973 -,801
7,828 ,447
-,00464 ,00579
-,01804 ,00877
Equal v ariances assumed
Equal v ariances not assumed
2000 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0082
,01542 ,00771
236 ,0001
,02975 ,00194
Return Holiday
Non Holiday 2001
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
1,192 ,276
,541 238
,589 ,00807
,01493 -,02134
,03749 1,016
3,390 ,377
,00807 ,00795
-,01566 ,03181
Equal v ariances assumed
Equal v ariances not assumed
2001 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0080
,01080 ,00540
236 ,0010
,02987 ,00194
Return Holiday
Non Holiday 2002
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
1,858 ,174
,467 238
,641 ,00700
,01498 -,02251
,03650 1,219
3,828 ,292
,00700 ,00574
-,00922 ,02321
Equal v ariances assumed
Equal v ariances not assumed
2002 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
84
T-Test
T-Test
T-Test
Group Statistics
4 ,0179
,02503 ,01252
238 ,0028
,02318 ,00150
Return Holiday
Non Holiday 2003
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,001 ,981
1,297 240
,196 ,01518
,01170 -,00787
,03822 1,204
3,087 ,313
,01518 ,01261
-,02431 ,05466
Equal v ariances assumed
Equal v ariances not assumed
2003 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0006
,01570 ,00785
238 ,0020
,02053 ,00133
Return Holiday
Non Holiday 2004
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,053 ,818
-,134 240
,894 -,00138
,01033 -,02172
,01896 -,174
3,175 ,873
-,00138 ,00796
-,02595 ,02318
Equal v ariances assumed
Equal v ariances not assumed
2004 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 -,0018
,00905 ,00452
239 ,0019
,01965 ,00127
Return Holiday
Non Holiday 2005
N Mean
Std. Dev iat ion Std. Error
Mean
85
T-Test
T-Test
Independent Samples Test
1,459 ,228
-,370 241
,711 -,00365
,00986 -,02307
,01577 -,777
3,492 ,486
-,00365 ,00470
-,01748 ,01018
Equal v ariances assumed
Equal v ariances not assumed
2005 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0095
,01553 ,00777
236 ,0029
,01816 ,00118
Return Holiday
Non Holiday 2006
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,001 ,970
,724 238
,470 ,00662
,00914 -,01139
,02462 ,842
3,141 ,459
,00662 ,00786
-,01776 ,03100
Equal v ariances assumed
Equal v ariances not assumed
2006 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0190
,01858 ,00929
237 ,0028
,02043 ,00133
Return Holiday
Non Holiday 2007
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,021 ,885
1,574 239
,117 ,01619
,01029 -,00408
,03646 1,725
3,124 ,179
,01619 ,00939
-,01302 ,04540
Equal v ariances assumed
Equal v ariances not assumed
2007 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
86
T-Test
T-Test
T-Test
Group Statistics
3 -,0128
,00769 ,00444
232 -,0031
,03731 ,00245
Return Holiday
Non Holiday 2008
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
1,809 ,180
-,447 233
,655 -,00965
,02159 -,05219
,03289 -1,903
3,401 ,142
-,00965 ,00507
-,02476 ,00546
Equal v ariances assumed
Equal v ariances not assumed
2008 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0163
,01513 ,00757
230 ,0027
,02202 ,00145
Return Holiday
Non Holiday 2009
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,724 ,396
1,231 232
,219 ,01363
,01107 -,00818
,03544 1,769
3,225 ,169
,01363 ,00770
-,00995 ,03721
Equal v ariances assumed
Equal v ariances not assumed
2009 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 ,0189
,02627 ,01313
234 ,0013
,01979 ,00129
Return Holiday
Non Holiday 2010
N Mean
Std. Dev iat ion Std. Error
Mean
87
T-Test
T-Test
Independent Samples Test
1,181 ,278
1,750 236
,081 ,01755
,01003 -,00221
,03730 1,329
3,059 ,274
,01755 ,01320
-,02400 ,05910
Equal v ariances assumed
Equal v ariances not assumed
2010 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 -,0030
,01076 ,00538
239 ,0001
,01880 ,00122
Return Holiday
Non Holiday 2011
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,418 ,518
-,335 241
,738 -,00316
,00944 -,02175
,01543 -,573
3,314 ,603
-,00316 ,00552
-,01981 ,01349
Equal v ariances assumed
Equal v ariances not assumed
2011 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
Group Statistics
4 -,0021
,01108 ,00554
239 ,0000
,01467 ,00095
Return Holiday
Non Holiday 2012
N Mean
Std. Dev iat ion Std. Error
Mean
Independent Samples Test
,487 ,486
-,286 241
,775 -,00211
,00738 -,01664
,01242 -,376
3,179 ,731
-,00211 ,00562
-,01944 ,01522
Equal v ariances assumed
Equal v ariances not assumed
2012 F
Sig. Lev enes Test f or
Equality of Variances t
df Sig. 2-tailed
Mean Dif f erence
Std. Error Dif f erence
Lower Upper
95 Conf idence Interv al of the
Dif f erence t-test f or Equality of Means
88
T-Test
d. Big Capitalization Return versus Small Capitalization Return