Question

10. Companies often have different mutual funds to serve different investment time horizons. Use the tab titled BESTFUNDS to determine if there is a difference between in the three-year annualized return for small cap growth, mid-cap growth, and large cap growth mutual funds. (a) Identify which type of test you plan to use and why. (b) Analyze and report your findings. (c) Put the findings into meaningful words (i.e., explain what the test allows you to conclude about the types of mutual funds). (d) Does your result from (b) give you statistical permission to probe group differences, yes or no? (4 points)

Small	Mid-Cap	Large
20.19	25.30	29.03
27.81	26.98	23.17
21.47	28.75	22.52
22.00	24.88	21.87
21.10	28.01	25.98
25.73	22.78	22.08
28.41	30.91	31.46
27.00	25.40	26.80
25.41	30.30	23.83
21.59	32.51	28.72

Answer 1

Ho: The mean mutual funds between the three growths are the same

H1: The mean mutual funds between the three growths are not the same.