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Eddi Din [679]
3 years ago
8

Let x be a random variable representing dividend yield of Australian bank stocks. We may assume that x has a normal distribution

with s = 2.3%. A random sample of 11 Australian bank stocks has a mean x = 9.89%. For the entire Australian stock market, the mean dividend yield is μ = 7.9%. Do these data indicate that the dividend yield of all Australian bank stocks is higher than 7.9%? Use a = 0.05. What is the level of significance?
a. 0.025
b. 0.050
c. 0.100
d. 0.900
e. 0.975
Mathematics
1 answer:
kotegsom [21]3 years ago
7 0

Answer:

a) 0.025 level of significance

The calculated t - value t = 2.88 > 3.58 at 0.025 level of significance

Therefore null hypothesis is rejected

The data indicate that the dividend yield of all Australian bank stocks is higher than 7.9%

Step-by-step explanation:

<u><em>Step(i):-</em></u>

Let 'x' has a normal distribution

Given sample size 'n' =11

Mean of the sample (x⁻)  = 9.89% = 0.0989

Standard deviation of the sample (s) = 2.3% = 0.023

Mean of the Population ' μ' = 7.9% = 0.079

<u><em>Step(ii):-</em></u>

<u><em>Null hypothesis:H₀:</em></u>' μ'  = 0.079

<u><em>Alternative Hypothesis</em></u> :μ'  > 0.079

Test statistic  

         t = \frac{x^{-} -mean}{\frac{S}{\sqrt{n} } }

        t = \frac{0.0989-0.079}{\frac{0.023}{\sqrt{11} } }

       t =  2.8840

Degrees of freedom

ν = n-1 = 11-1 =10

<em>Level of significance </em>

t_{\frac{\alpha }{2} } = t_{\frac{0.05}{2} } = t_{0.025}

t_{0.025} , 10 = 3.5814

<u><em>Step(iii):-</em></u>

<em>The calculated t - value t = 2.88 > 3.58 at 0.025 level of significance</em>

<em>Therefore null hypothesis is rejected</em>

<em>The data indicate that the dividend yield of all Australian bank stocks is higher than 7.9%</em>

 

                                 

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