The following table lists the annual returns (in percent) over a 10-year period for ING Russia, a
Question:
The following table lists the annual returns (in percent) over a 10-year period for ING Russia, a top-performing mutual fund.
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a. Specify the competing hypotheses to determine whether the median return differs from 8%.
b. At the 10% significance level, what is the decision rule? Do not assume the normal approximation for T.
c. Calculate the value of the test statistic.
d. Does the median return differ from 8%?
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a b Given 010 and n 10 So we will reject if c d Rank ...View the full answer
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