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Consider the following rates of return for one year in percent for a sample of 12 mutual funds

Consider the following rates of return for one year (in percent) for a sample of 12 mutual funds. 4.63, 4.15, 4.76, 4.70, 4.65, 4.52, 4.70, 5.06, 4.42, 4.51, 4.24, 4.52 Using the 0.05 significance level, is it reasonable to conclude that the mean rate of return is more than 4.50% (use hypothesis testing to answer this question)?

Aug 01 2020 View more View Less

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