Question: Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with=3.0%.A random sample of10
Letxbe a random variable representing dividend yield of bank stocks. We may assume thatxhas a normal distribution with=3.0%.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
- 6.1
The sample mean is= 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.
(c) Find (or estimate) theP-value. (Enter a number. Round your answer to four decimal places.)
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