Question

Net assets for the 50 largest stock mutual funds show a median of $15 billion (The Wall Street Journal, March 2, 2009). A sample of 10 of the 50 largest bond mutual funds follows.
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.
a. What are the hypotheses for this test?
b. What is the p-value? What is your conclusion?


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  • CreatedSeptember 20, 2015
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