Question: Please solve using excel functions - - - show excel functions and formulas. thank you Mutual funds are classified as load or no - load
Please solve using excel functions show excel functions and formulas. thank you
Mutual funds are classified as load or noload funds. Load funds require an investor to pay an initial fee based on a percentage of the amount invested in the fund. The noload funds do not require this initial
fee. Some financial advisors argue that the load mutual funds may be worth the extra fee because these funds provide a higher mean rate of return than the noload mutual funds. A sample of load mutual
funds and a sample of noload mutual funds were selected. Data were collected on the annual return for the funds over a fiveyear period. Formulate Hypotheses to test that the load mutual funds have a
higher mean annual return over the fiveyear period. At alpha what is your conclusion?
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