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Mathematics, 12.08.2020 06:01 brandonholden

10. A sample of 60 mutual funds was taken and the mean return in the sample was 13% with a standard deviation of 6.9%. The return on a particular index of stocks (against which the mutual funds are compared) was 11.5%. Therefore, the test statistic is 1.68. When testing the hypothesis that the average return on actively-managed mutual funds is higher than the return on an index of stocks, if the critical value is 1.96, what is your conclusion concerning the null hypothesis

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