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In: Statistics and Probability

Listed below is the annual rate of return (reported in percent) for a sample of 12...

Listed below is the annual rate of return (reported in percent) for a sample of 12 taxable mutual funds.

4.63 4.15 4.76 4.70 4.65 4.52 4.70 5.06 4.42 4.51 4.24 4.52

Using the 0.05 significance level, is it reasonable to conclude that the mean rate of return is more than 4.50%?

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  1. What is the decision rule? (Round your answer to 3 decimal places.)

Solutions

Expert Solution

a.

it is not reasonable to conclude that the mean rate of return is more than 4.50%

(please UPVOTE)

orchestra answered 2 years ago
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