In the New York Stock Exchange, officials claim that mutual funds pay an average dividend of $500 per quarter with a standard deviation of $300. A financial analyst conducts a research study to show that the standard deviation is actually different. He collects data from a random sample of 200 mutual funds and obtains a sample mean dividend of $450 per quarter with a standard deviation of $250.

(A) Develop the null and alternative hypotheses.

(B) At = 0.04, determine if the financial analyst collected sufficient data to Reject H0. Show all supporting work

(C) Based on your answer in part (b), what is your conclusion as it applies to this situation. Be specific.

Thank you!