Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)
6th Edition
ISBN: 9781337115186
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 18.1, Problem 4E

Net assets for the 50 largest stock mutual funds show a median of $15 billion. A sample of 10 of the 50 largest bond mutual funds follows.

Chapter 18.1, Problem 4E, 4. Net assets for the 50 largest stock mutual funds show a median of $15 billion. A sample of 10 of

Using the median, can it be concluded that bond mutual funds are smaller and have fewer net assets than stock mutual funds? Use α = .05.

  1. a. What are the hypotheses for this test?
  2. b. What is the p-value? What is your conclusion?
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Modern Business Statistics with Microsoft Office Excel (with XLSTAT Education Edition Printed Access Card) (MindTap Course List)

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