Colonial Funds claims to have a bond fund that has maintained a mean share price of $18.00. They claim that the standard deviation of the share price is 0.14. To test this claim, the investor randomly selects 9 days during the last year. He finds an average share price of $17.80 with a standard deviation of 0.1372. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at α=0.05? Step 3 of 5 : Determine the value of the test statistic. Round your answer to three decimal places.
Colonial Funds claims to have a bond fund that has maintained a mean share price of $18.00. They claim that the standard deviation of the share price is 0.14. To test this claim, the investor randomly selects 9 days during the last year. He finds an average share price of $17.80 with a standard deviation of 0.1372. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at α=0.05? Step 3 of 5 : Determine the value of the test statistic. Round your answer to three decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.1: Measures Of Center
Problem 4GP
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Colonial Funds claims to have a bond fund that has maintained a mean share price of $18.00. They claim that the standard deviation of the share price is 0.14. To test this claim, the investor randomly selects 9 days during the last year. He finds an average share price of $17.80 with a standard deviation of 0.1372. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at α=0.05?
Step 3 of 5 :
Determine the value of the test statistic. Round your answer to three decimal places.
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