The table below shows a portion of the returns for Fidelity's Equity Income mutual fund and Vanguard's

Question:

The table below shows a portion of the returns for Fidelity's Equity Income mutual fund and Vanguard's Equity Income mutual fund from 2000 through 2010.

Year................... Fidelity.................... Vanguard

2000....................... 3.88......................... 13.57

2001......................-5.02......................... -2.34

⋮.............................. ⋮............................... ⋮

2010......................15.13......................... 14.88

a. Specify the competing hypotheses to determine whether the median difference between the returns differs from zero.

b. Calculate the value of the Wilcoxon signed-rank test statistic T. Assume normality of T.

c. At the 5% significance level, what is the decision rule?

d. Does the median difference between the returns differ from zero? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: