Use the Data Given Below to Answer the Following Questions)

question 3

Essay

Use the data given below to answer the following questions).
The following extract from a manufacturer's database shows a sample of 10 suppliers, their transportation charges, and the estimated and actual total costs of supplying materials. Note: Assume a significance level of 0.05 wherever necessary.) $$\begin{array} { | l | c | c | c | } \hline \text { Supplier } & \begin{array} { c } \text { Transportation } \\\text { Charges }\end{array} & \begin{array} { c } \text { Estirnated Total } \\\text { Cost }\end{array} & \text { Actual Total Cost } \\\hline \text { Peter } & 340 & 4,500 & 4,680 \\\hline \text { Jdhry } & 560 & 4,500 & 4,790 \\\hline \text { Martin } & 480 & 4,500 & 5,110 \\\hline \text { Philip } & 290 & 4,500 & 4,780 \\\hline \text { Mark } & 370 & 4,500 & 4,810 \\\hline \text { Thomas } & 520 & 4,500 & 4,770 \\\hline \text { Jaison } & 350 & 4,500 & 5,250 \\\hline \text { David } & 430 & 4,500 & 4,930 \\\hline \text { Carter } & 510 & 4,500 & 5,010 \\\hline \text { Leonard } & 270 & 4,500 & 4,810 \\\hline\end{array}$$
-Conduct the appropriate type of one-sample test-statistic to determine whether the average transportation charge is less than $430. Apply a decision rule using the observed level of significance and draw a conclusion.

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Definitions:

Required Return

The minimum return that investors expect to earn on their investment to compensate for its risk.

Dividend Yield

A financial proportion demonstrating how a company's annual dividend payout stands in comparison to its stock price.

Stock Price

The cost of purchasing a share of a company, which fluctuates based on demand and supply in the market.

Constant Annual Dividend

A dividend payment that a company commits to distribute to its shareholders at a steady rate each year.