Question
Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with = 2.6%.
Let x be a random variable representing dividend yield of bank stocks. We may assume that x has a normal distribution with = 2.6%. A random sample of 10 bank stocks are selected with the sample mean of x=5.38%. Suppose that for the entire stock market, the mean dividend yield is 5.0%. Do these data indicate that the dividend yield of all bank stocks is higher than 5.0%? Use a = 0.01.
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
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