Mean expense ratio among the four types


Money Magazine reports percentage returns and expense ratios for stock and bond funds.The following data are the expense ratios for 10 midcap stock funds, 10 small-cap stock funds, 10 hybrid stock funds, and 10 specialty stock funds .

Midcap SmallCap Hybrid Specialty

1.2 2.0 2.0 1.6
1.1 1.2 2.7 2.7
1.0 1.7 1.8 2.6
1.2 1.8 1.5 2.5
1.3 1.5 2.5 1.9
1.8 2.3 1.0 1.5
1.4 1.9 0.9 1.6
1.4 1.3 1.9 2.7
1.0 1.2 1.4 2.2
1.4 1.3 0.3 0.7

Use a =.05 to test for any significant difference in the mean expense ratio among the four types of stock funds.

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Basic Statistics: Mean expense ratio among the four types
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