A semi-retired economist is thinking about retiring fully, and he finds himself checking his mutual fund portfolio

Question:

A semi-retired economist is thinking about retiring fully, and he finds himself checking his mutual fund portfolio daily to see how his investments are doing. He notices that the time it takes to log on to his investment account online varies widely, and he wonders whether the connection times vary by time of day. He decides to keep track of a random sample of connection times (in seconds), for five time periods: early morning, mid-day, early afternoon, late afternoon, and evening. Check whether the conditions required for one-way ANOVA are met. If they are, conduct a test of hypothesis at the 5% level of significance to determine whether the mean connection times are equal.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: