Question: 2.6 Are average returns different from each other? (6 points) Assume the returns of each asset are independent from each other. With this assumption, are

 2.6 Are average returns different from each other? (6 points) Assume

2.6 Are average returns different from each other? (6 points) Assume the returns of each asset are independent from each other. With this assumption, are the mean returns statistically different from each other at the 1% level of significance? Provide details for all 5 steps to conduct each of the hypothesis tests using what your have learned in the unit. Calculate and report all the relevant values for your conclusion and be sure to provide and interpretation of the results. (Hint: You need to discuss the equality of variances to determine which type of test to use.)

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