Listed below is the rate of return for one year (reported in percent) for a sample of

Question:

Listed below is the rate of return for one year (reported in percent) for a sample of 12 mutual funds that are classified as taxable money market funds.

Using the .05 significance level, is it reasonable to conclude that the mean rate of return is more than4.50%?

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...