Random variable representing dividend yield


Let x be a random variable representing dividend yield of Australian bank stocks. We may assume that x has a normal distribution with = 2.3%. A random sample of 18 Australian bank stocks has a sample mean of = 6.1%. For the entire Australian stock market, the mean dividend yield is = 5.5%. Do these data indicate that the dividend yield of all Australian bank stocks is higher than 5.5%? Use = 0.1. What is the value of the test statistic?

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Basic Statistics: Random variable representing dividend yield
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