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

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.

Net assets for the 50 largest stock mutual funds show

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?

Bond Fund Bond Fund Fidelity Intl Bond Franklin CA TF American Funds Vanguard Short Term PIMCO: Real Return Net Assets 6.1 11.7 22.4 9.6 4.9 T Rowe Price New Income Vanguard GNMA Oppenheimer Intl Bond Dodge & Cox Income iShares: TIPS Bond Net Assets 6.9 15.0 6.6 14.5 9.6

Step by Step Solution

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a H 0 Median 15 H a Median 15 b Dropping Vanguard ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

553-M-S-N-S (1590).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!