A Financial Advisor Wants to Know Whether There Is a Significant

question 98

Essay

A financial advisor wants to know whether there is a significant difference between the NYSE and NASDAQ
markets in the annual dividend rates for preferred stocks. A sample of 30 returns is selected from each market.
Assume the two samples are random and independent. Test the claim that there is no difference in the annual
dividend rates for the two markets. Use $\alpha$ = 0.05. $$\begin{array}{l}\text { NASDAQ }\\\begin{array} { l l l l l l l l l l } 2.00 & 1.02 & 2.11 & 2.56 & 2.15 & 0.93 & 0.91 & 1.67 & 1.88 & 2.13 \\2.44 & 1.97 & 2.00 & 1.81 & 2.25 & 1.72 & 1.75 & 1.05 & 0.90 & 2.34 \\0.51 & 1.00 & 2.25 & 0.85 & 1.50 & 2.33 & 1.59 & 2.25 & 0.23 & 1.63\end{array}\end{array}$$ $$\begin{array}{l}\text { NYSE }\\\begin{array} { l l l l l l l l l l } 1.46 & 3.00 & 1.74 & 5.19 & 1.69 & 1.88 & 2.85 & 2.00 & 2.19 & 2.03 \\1.81 & 5.00 & 1.72 & 3.38 & 2.09 & 4.50 & 3.07 & 1.97 & 1.78 & 1.50 \\1.97 & 4.65 & 3.12 & 2.19 & 2.19 & 3.50 & 1.56 & 4.10 & 3.00 & 4.40\end{array}\end{array}$$

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