Colonial Funds claims to have a bond fund which has maintained a mean share price of$17.00. They claim that the variance of the share price is0.13. To test this claim, the investor randomly selects26days during the last year. He finds an average share price of$16.80with a standard deviation of0.1785. Can the investor conclude that the share price of the bond fund varies by less than Colonial Funds claims at=0.1?

Step 1 of 5:State the hypotheses in terms of the standard deviation. Round the standard deviation to four decimal places when necessary.

Step 2 of 5:Determine the critical value(s) of the test statistic. If the test is two-tailed, separate the values with a comma. Round your answer to three decimal places.

Step 3 of 5:Determine the value of the test statistic. Round your answer to three decimal places.

Step 4 of 5:Make the decision.

Step 5 of 5:What is the conclusion?