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=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).5.74.86.04.94.03.46.57.15.36.1The sample mean is= 5.38%. Suppose that for the entire stock market, the mean dividend yield is=4.6%.Do these data indicate that the dividend yield of all bank stocks is higher than4.6%? Use=0.01.

(a)What is the level of significance? (Enter a number.)

(B) Compute thezvalue of the sample test statistic. (Enter a number. Round your answer to two decimal places.)

(c)Find (or estimate) theP-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

Oscillations In Nonlinear Systems

Authors: Jack K Hale

1st Edition

0486803260, 9780486803265

More Books

Students also viewed these Mathematics questions