Question: The following table lists a portion of the data representing the annual returns (in percent) over a 10-year period for the Balanced mutual fund, a
The following table lists a portion of the data representing the annual returns (in percent) over a 10-year period for the Balanced mutual fund, a top-performing mutual fund from the Janus Capital Group.(You may find it useful to reference thez table.).
Year Return
2007 10.15
2008 -15.22
2009 24.28
2010 7.83
2011 1.44
2012 13.07
2013 19.72
2014 8.46
2015 0.60
2016 4.51
Calculate the value of the test statistic, assuming that the sampling distribution ofTis normally distributed.(Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
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