Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with = 2.7%. A

Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with = 2.7%. A random sample of 10 bank stocks gave the following yields (in percents).

5.74.86.04.94.03.46.57.15.36.1

The sample mean is x bar = 5.38%. Suppose that for the entire stock market, the mean dividend yield is = 4.9%. Do these data indicate that the dividend yield of all bank stocks is higher than 4.9%? Use = 0.01.

A) Compute the z value of the sample test statistic. (Enter a number. Round your answer to two decimal places.)

B) Find (or estimate) the P-value. (Enter a number. Round your answer to four decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Equation Of Knowledge From Bayes Rule To A Unified Philosophy Of Science

Authors: Lê Nguyên Hoang

1st Edition

1000063275, 9781000063271

More Books

Students also viewed these Mathematics questions

Question

What type of office space and equipment are provided?

Answered: 1 week ago

Question

How does your message use nonverbal communication?

Answered: 1 week ago

Question

What reactive strategies might you develop?

Answered: 1 week ago