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.
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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
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