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An investment blog suggests that you've been doing this all wrong and should invest in mutual funds only for the short term. So you decide


An investment blog suggests that you've been doing this all wrong and should invest in mutual funds only for the short term. So you decide to compare returns at 1 month and 3 months.
a) Using the data provided, check the conditions for this test
b) Test the hypothesis, and find the p-value, if appropriate
c) Find a 95% confidence interval for the mean difference

Name1 Month(%)YTD(%)3 Month(%)1 Year(%)3 Year(%)5 Year(%)
Large Growth1.1218.23.9518.839.1813.89
Mid-Cap Growth0.1513.692.8114.976.8312.36
Large Blend0.0210.582.6114.867.5212.89
Small Growth-0.4310.443.3215.977.6512.54
Large Value-0.8962.0612.476.1112.08
Mid-Cap Blend-1.155.961.4511.815.2412.46
Mid-Cap Value-1.593.751.211.115.1312.42
Small Blend-1.712.211.5612.685.8212.09
Small Value-2.44-1.71.0311.194.5611.49
Target-Date 2060+0.3513.213.3115.326.4311.03
Target-Date 20550.3313.073.2915.066.0210.34
Target-Date 20500.3712.833.2314.755.899.97
Target-Date 20450.3412.773.2214.695.829.97
Target-Date 20400.3912.253.0813.985.669.59
Target-Date 20350.411.72.9713.185.459.31
Target-Date 20300.4710.662.7311.615.088.44
World Allocation0.389.852.639.872.555.81
Target-Date 20250.499.612.510.124.657.75
Convertibles-0.048.462.4510.443.218.43
Target-Date 20200.538.372.218.474.166.62
Target-Date 20150.517.782.047.734.026.43
Tactical Allocation0.377.352.078.011.864.72
Target Date 20100.547.171.936.993.865.71
Target-Date Retirement0.546.211.725.723.154.37
Allocation--15% to 30% Equity0.384.611.354.412.263.42
India Equity-0.5932.995.7321.069.3413.34
China Region3.5431.5912.6925.648.0910.94
Latin America Stock5.9227.9114.8125.11-5.17-2.5
Pacific/Asia ex-Japan Stk1.3727.37.3920.115.098.36
Diversified Emerging Mkts2.1926.298.3921.661.725.18
Foreign Small/Mid Growth1.2725.145.320.076.811.53
Foreign Large Growth0.9522.864.317.924.829.06
Foreign Small/Mid Blend0.7721.944.6921.976.0311.19
Diversified Pacific/Asia0.9619.835.617.985.789.96
Foreign Small/Mid Value0.7719.45.0320.093.9110.2
Foreign Large Blend0.2417.93.2717.22.977.93
Europe Stock0.0217.631.0618.883.629.27
Foreign Large Value-0.0515.513.0317.451.287.26
World Large Stock0.2315.373.1216.045.4210.53
Japan Stock0.3212.413.7519.469.0613.25
Emerging-Markets Local-Currency Bond1.613.14.18.47-1.22-0.37
Emerging Markets Bond1.468.992.496.833.633.73
Preferred Stock-0.048.732.435.855.245.7
Long Government3.278.43.26-5.724.682.54
Long-Term Bond1.588.172.810.874.734.52
World Bond0.76.422.182.570.961.57
High Yield Bond-0.045.211.17.663.225.3
Multisector Bond0.465.121.464.853.013.76
Corporate Bond0.635.051.662.273.353.62
Intermediate-Term Bond0.753.771.211.272.392.3
Nontraditional Bond0.0330.84.281.872.27
Intermediate Government0.692.210.66-0.31.651.12
Bank Loan-0.172.110.454.842.763.59
Inflation-Protected Bond0.842.070.490.760.45-0.12
Short-Term Bond0.221.790.551.541.331.29
Ultrashort Bond0.121.030.371.380.850.82
Short Government0.240.940.310.280.660.42
High Yield Muni1.036.371.570.854.674.23
Muni California Long0.815.271.260.13.813.85
Muni National Long0.844.991.340.163.413.12
Muni California Intermediate0.764.71.110.22.632.71
Muni National Interm0.734.541.080.52.642.55
Muni New York Long0.64.540.950.23.352.84
Muni New Jersey0.984.451.330.072.892.52
Muni Pennsylvania0.664.280.960.343.12.68
Muni Massachusetts0.634.090.86-0.112.692.3
Muni New York Intermediate0.554.070.850.122.572.39
Muni Minnesota0.663.990.930.262.662.52
Muni Ohio0.563.750.7202.642.38
Muni Single State Interm0.593.670.790.042.362.16
Muni Single State Long0.563.430.73-0.232.672.23
Muni Single State Short0.422.610.560.341.241.16
Muni National Short0.342.160.510.680.930.95
Long-Short Equity0.026.041.727.872.65.67
Option Writing0.295.491.687.072.925.18
Multialternative0.333.171.063.540.812.7
Long-Short Credit-0.012.20.593.130.861.97
Multicurrency-0.371.880.121.890.05-0.53
Market Neutral0.190.850.682.64-0.10.55
Managed Futures0.91-1.14-0.68-4.921.350.91
Bear Market-0.62-17.83-6.09-24.38-17.17-22.3
Commodities Precious Metals4.0212.152.910.05-1.56-6.45
Commodities Broad Basket0.64-2.42.462.75-12.46-10.04
Technology1.9825.24.4828.3414.4417.62
Health2.3722.019.2916.618.4917.47
Infrastructure1.4116.783.5413.533.7510.04
Equity Precious Metals6.0515.199.42-3.06-1.85-9.68
Utilities2.4113.613.2215.38.8311.61
Global Real Estate0.3410.263.423.253.647.21
Industrials0.759.622.8419.418.9616.01
Consumer Cyclical-1.967.88-0.9610.216.3312.58
Communications0.037.541.7610.496.8110.14
Consumer Defensive-0.977.13-1.14.428.3512.02
Financial-2.224.924.4221.68.9714.61
Real Estate-0.134.3830.356.818.51
Natural Resources-0.354.054.2811.74-4.71.27
Energy Limited Partnership-4.09-6.85-2.38-0.5-12.17-0.45
Equity Energy-6.22-20.1-5.76-9.79-19.39-6.29

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