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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
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 of 10 bank stocks 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 x bar = 5.38%. Suppose that for the entire stock market, the mean dividend yield is = 4.3%. Do these data indicate that the dividend yield of all bank stocks is higher than 4.3%? Use = 0.01.
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