Assume that the population standard deviations are equal for income mutual funds and growth mutual funds. Use

Question:

Assume that the population standard deviations are equal for income and growth Use the following sample data to test whether there is a difference in the mean yields of the two funds at the 0.05 level of significance.

Income 35 Growth Sample Size Sample Mean Sample Standard Dev 40 875 900 35 45

What is the null hypothesis?
What is the computed value of the test statistic t?
What is the p value for this test statistic?
What decision is made about the null hypothesis using an Î± = 0.05?

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...