Dividend Yield: Australian Bank Stocks Let x be a random
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Dividend Yield: Australian Bank Stocks Let x be a random variable representing dividend yield of Australian bank stocks. We may assume that x has a normal distribution with A random sample of 10 Australian bank stocks gave the following yields. 5.7 4.8 6.0 4.9 4.0 3.4 6.5 7.1 5.3 6.1 The sample mean is For the entire Australian stock market, the mean dividend yield is (Reference: Forbes). Do these data indicate that the dividend yield of all Australian bank stocks is higher than 4.7%? Use
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