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1. You need to find the "typical" or mean annual dividend per share for large banks. You decide to sample six banks listed in the Standard and Poors 500. These banks and their trading symbol follow.

BankSymbolBankSymbol
AmSouth BancorporationASONational City Corp.NCC
Bank of America Corp.BACNorthern Trust Corp.NTRS
Bank of New YorkBKPNC Financial Services GroupPNC
Bank One Corp.ONERegions Financial Corp.RGBK
BB&T CorporationBBTSouthTrust Corp.SOTR
Charter One FinancialCFSunTrust BanksSTI
Comerica Inc.CMASynovus FinancialSNV
Fifth Third BancorpFITBUnion PlantersUPC
FleetBoston Financial Corp.FBFU.S. BancorpUSB
Golden West FinancialGDWWachovia Corp.WB
Huntington BancsharesHBANWashington Mutual, Inc.WM
KeyCorpKEYWells Fargo & Co. (New)WFC
Mellon Financial Corp.MELZions BancorpZION

  1. After numbering the banks from 01 to 26, which banks would be included in a sample if the random numbers were 14, 08, 24, 25, 05, 44, 02, and 22? Go to the following website: http://www.quicken.com. Enter the trading symbol for each of the sampled banks and record the Annual Dividend per share (Annual div/shr). Determine the mean annual dividend per share for the sample of banks.
  2. Which banks are selected if you use a systematic sample of every fourth bank starting with the random number 03?


2. There are several websites that will output the 30 stocks that make up the Dow Jones Industrial Average (DJIA). One site is www.dbc.com/dbcfiles/dowt.html . Compute the mean of the 30 stocks.

  1. Use a random number table, such as Appendix E, to select a random sample of five companies that make up the DJIA. Compute the sample mean. Compare the sample mean to the population mean. What did you find? What did you expect to find?
  2. You should not expect to find that the mean of these 30 stocks is the same as the current DJIA. Go to the Dow Jones website at www.dj.com and read the reasons.








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