A mutual funds specialist claims that two-year return rates are greater than one-year return rates for 35% of funds on the market. Test that claim using a 0.05 significance level. For sample data, refer to Data Set 10 of Appendix B.
Test the given claim, and draw the appropriate graph. Use the traditional method or the P-value method of testing hypotheses (or your instructor may specify which method to use with assigned exercises). Assume that all samples have been randomly selected.