Solved: Mean rate of return for a sample, Basic Statistics

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Mean rate of return for a sample

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Q: Calculate the rate of return for one year (reported in percent) for a sample of 12 mutual funds: 4.634 4.15 4.76 4.70 4.65 4.52 4.70 5.06 4.42 4.51 4.24 4.52. Using .05 significance level, is it reasonable to conclude that the mean rate of return is 4.50 percent?

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