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Study of mutual fund performance. Mutual funds are

Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich ISBN: 9780321826237 51

Solution for problem 26E Chapter 9

Statistics for Business and Economics | 12th Edition

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Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich

Statistics for Business and Economics | 12th Edition

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Problem 26E

Problem 26E

Study of mutual fund performance. Mutual funds are classified as large-cap funds, medium-cap funds, or small-cap funds, depending on the capitalization of the companies in the fund. Hawaii Pacific University researchers S. Shi and M. Seiler investigated whether the average performance of a mutual fund is related to capitalization size (American Business Review, Jan. 2002). Independent random samples of 30 mutual funds were selected from each of the three fund groups, and the 90- day rate of return was determined for each fund. The data for the 90 funds were subjected to an analysis of variance, with the results shown in the ANOVA summary table below.

a. State the null and alternative hypotheses for the ANOVA.

b. Give the rejection region for the test using α = .01.

c. Make the appropriate conclusion using either the test statistic or the p-value.

Study of mutual fund performance. Mutual funds are classified as large-cap funds, medium-cap funds, or small-cap funds, depending on the capitalization of the companies in the fund. Hawaii Pacific University researchers S. Shi and M. Seiler investigated whether the average performance of a mutual fund is related to capitalization size (American Business Review, Jan. 2002). Independent random samples of 30 mutual funds were selected from each of the three fund groups, and the 90- day rate of return was determined for each fund. The data for the 90 funds were subjected to an analysis of variance, with the results shown in the ANOVA summary table below.

a. State the null and alternative hypotheses for the ANOVA.

b. Give the rejection region for the test using α = .01.

c. Make the appropriate conclusion using either the test statistic or the p-value.

Step-by-Step Solution:
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Week 9 Sources of Funds to Campaigns Candidate Campaigns  Individuals  Parties, interests filtered, less polarizing  PACs  Candidate Outside Money Campaigns (527 and 501(c ) organizations, Super PACs, and Independent expenditures by groups, party committees and individuals)  Individuals  Corporations  Unions Constitutional Protections Legacy from the Revolution Constitutional Protections  Congressional authority in Article 1 o Patents, trademarks, copyrights Framers wrote extensively about freedom of the press The business of the news  Profit motive  Need to appeal to broad audience The Media and Elections/Government Functions Types of Media and Their Uses  Print  Radio  TV  Internet

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Chapter 9, Problem 26E is Solved
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Textbook: Statistics for Business and Economics
Edition: 12
Author: James T. McClave, P. George Benson, Terry T Sincich
ISBN: 9780321826237

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Study of mutual fund performance. Mutual funds are