A Portfolio Manager Was Analyzing the Price-Earnings Ratio for This $\mu \geq$

question 106

True/False

A portfolio manager was analyzing the price-earnings ratio for this year's performance.His boss said that the average price-earnings ratio was 20 for the many stocks,which his firm had traded,but he felt that figure was too high.The portfolio manager randomly selected a sample of 50 P/E ratios and found a mean of 18.17 and standard deviation of 4.60.Assume that the population is normally distributed and test at the 0.01 level of significance.
The correct hypotheses are:
H₀: $\mu \geq$ 20,H₁: $\mu$ < 20.

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Definitions:

Northern Bias

A tendency to prioritize or give undue emphasis to perspectives, interests, and values of the global North over those of the global South.

Southern Bias

A predisposition or inclination that favors the perspectives, cultures, or interests of those from southern regions, often in a global or national context.

Cultural Hybrids

The blending of elements from different cultures to create new, hybrid identities or practices.

Cultural Imperialism

The dominance of one culture over others, often through mass media and consumer culture, leading to the erosion of local cultures and identities.