Question: Hi, I need help with test statistic and p-value for this problem. Calculate the value of the test statistic. X2 = (Round to three decimal
Hi, I need help with test statistic and p-value for this problem.


Calculate the value of the test statistic. X2 = (Round to three decimal places as needed.) Use technology to determine the P-value for the test statistic. The P-value is (Round to three decimal places as needed.) Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 5%. A mutual-fund rating agency randomly selects 28 months and determines the rate of return for a certain fund. The standard deviation of the rate of return is computed to be 3.34%. Is there sufficient evidence to conclude that the fund has moderate risk at the a = 0.10 level of significance? A normal probability plot indicates that the monthly rates of return are normally distributed. What are the correct hypotheses for this test? The null hypothesis is Ho: = 0.05. The alternative hypothesis is H1: 0 0.05
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