Question
An investor believes that investing in domestic and international stocks will give a difference in the mean rate of return. They take two random samples
An investor believes that investing in domestic and international stocks will give a difference in the mean rate of return. They take two random samples of 15 months over the past 30 years and find the following rates of return from a selection of domestic (Group 1) and international (Group 2) investments. Can they conclude that there is a difference at the 0.05 level of significance? Assume the data is normally distributed with unequal variances. Use a confidence interval method. Round to 4 decimal places.
Average Group 1 = 2.1234, SD Group 1 = 4.8765, n1 = 15
Average Group 2 = 3.0945, SD Group 2 = 5.1115, n2 = 15
___< 1- 2<___
I need a step by step. So I can understanding this problems. I just provided you with the correct:
Those are correct answers:
Answer for blank # 1:(-4.7075, -4.7079)Answer for blank # (2.7653, 2.7657)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started