Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me with this one-way ANOVA? This is the first one I have seen. An investment analyst is evaluating the 10-year mean return

Can you help me with this one-way ANOVA? This is the first one I have seen. An investment analyst is evaluating the 10-year mean return on investment for industry-specific exchange-traded funds (ETFs) for three sectors: financial, energy, and technology. The analyst obtains a random sample of 30 ETFs for each sector and calculates the 10-year return of each ETF. Using the sample data, perform one-way analysis of variance (ANOVA). Evaluate whether the average return of at least one of the industry-specific ETFs is significantly different. Use a 5% level of significance.

image text in transcribed
- Define the null and alternative hypothesis in mathematical terms and in words. - Provide your conclusion and interpretation of the test. Should the null hypothesis be rejected? Why or why not? - Does a side-by-side boxplot of the 10-year returns of ETFs from the three sectors confirm your conclusion of the hypothesis test? financial energy technology 5.5 5.2 7.3 7.1 7.4 8.2 6.9 6.6 7.1 5.1 5.7 7.6 4.6 5.6 8.2 5 .3 5.5 11.5 5.9 6.4 9.2 5.6 6.1 9.5 5.5 5.2 7.3 7.1 7.4 8.2 10 6.9 6.6 7. 1 11 5 .1 5 .7 7.6 4.6 5.6 8. 2 13 5.3 5.5 11.5 14 5.9 6.4 9.2 15 5.6 6.1 9.5 16 4.7 4.4 6.2 17 6.4 6.6 7.4 18 6.7 6.4 6.9 19 4.3 4.8 6.4 20 4.1 5.0 7.4 21 5 .1 5.3 11.1 22 5 .7 6.2 8.9 23 4.7 5.2 8. 1 24 5 .3 5.0 7.1 25 6.4 6.6 7.4 26 5.8 5.6 6.6 27 4.9 5.5 7.4 28 4.1 5.0 7.4 29 4.8 4.9 10.3 test statistic = 55.07 P-value = 0.0 Level of Significance: 5%, 0.05 Boxplot for comparison 11 10 LO return financial energy technology ETF

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Course In Number Theory

Authors: Mofidul Islam

1st Edition

9353147069, 9789353147068

More Books

Students also viewed these Mathematics questions