Letx be a random variable representing dividend yield of bank stocks. We may assume thatx has a normal distribution with ? = 2.4%. A random sample of 10 bank stocks gave the following yields (in percents).
The sample mean is x = 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.
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