a sample of 58 mutual funds was taken and the


A sample of 58 mutual funds was taken and the mean return in the sample was 14% with a standard deviation of 9.3%. The return on a particular index of stocks (against which the mutual funds are compared) was 11.4%. When testing the hypothesis (at the 5% level of significance) that the return on actively-managed mutual funds is higher than an index of stocks, what is the test statistic? (Please round your answer to 2 decimal places)

Request for Solution File

Ask an Expert for Answer!!
Business Economics: a sample of 58 mutual funds was taken and the
Reference No:- TGS0378128

Expected delivery within 24 Hours