The following table lists a portion of the data representing the annual returns (in percent) over a

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The following table lists a portion of the data representing the annual returns (in percent) over a 10-year period for the Balanced mutual fund, a top-performing mutual fund from the Janus Capital Group.

Year Return 2007 10.15 2008 -15.22 4.51 2016


a. Specify the competing hypotheses to determine whether the median return is greater than 5%.

b. Calculate the value of the test statistic, assuming that the sampling distribution of T is normally distributed.

c. At the 10% significance level, what is the conclusion to the hypothesis test?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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