Question: Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with =3.2%.A random sample
Letxbe a random variable representing dividend yield of bank stocks. We may assume thatxhas a normal distribution with=3.2%.A random sample of10 bankstocks gave the following yields (in percents).5.7 4.8 6.0 4.9 4.0 3.4 6.5 7.1 5.3 6.1The sample mean isx= 5.38%. Suppose that for the entire stock market, the mean dividend yield is=4.0%.Do these data indicate that the dividend yield of all bank stocks is higher than4.0%? Use=0.01.
Compute thezvalue of the sample test statistic. (Round your answer to two decimal places.)
(c) Find (or estimate) theP-value. (Round your answer to four decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
