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During a 10-year period, the standard deviabion of annual retums on a portfolio you ace analyzing was 15 percent a year, You want to see

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During a 10-year period, the standard deviabion of annual retums on a portfolio you ace analyzing was 15 percent a year, You want to see whether this rocord is sufficient evidence to wupport the condusion that the portfolo's undertying variance of rebum was less than 400 , the retum variance of the portfolio's benchmark. Formulate in your mind a mult and allernative hypotheses consistent with the verbal description of your objective. Identify in your mind the test statiste for conducting a test of the hypotheses. Identify and aupply the rejection point at the 0.10 (not 0.05 ) signilicance level for the hypothesis. You may use excel for an oxact value, of a table for an appeoximate value. Both will be accopted. Round your andwer fo two decimal ploces and enter it in the format Xx

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