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Net assets for the 50 largest stock mutual funds show a median of $15 billion. A sample of 10 of the 50 largest bond mutual

Net assets for the 50 largest stock mutual funds show a median of $15 billion. A sample of 10 of the 50 largest bond mutual funds follows.

Bond Fund Net Assets
Fidelity Intl Bond 6.1
Franklin CA TF 11.7
American Funds 22.4
Vanguard Short Term 9.6
PIMCO: Real Return 4.9
T Rowe Price New Income 6.9
Vanguard GNMA 15.0
Oppenheimer Intl Bond 6.6
Dodge & Cox Income 14.5
iShares: TIPS Bond 9.6

Using the median, can it be concluded that bond mutual funds are smaller and have fewer net assets than stock mutual funds? Use

= 0.05.

(a)What are the hypotheses for this test?H0: Median 15 Ha: Median < 15H0: Median < 15 Ha: Median = 15 H0: Median = 15 Ha: Median 15H0: Median 15 Ha: Median = 15H0: Median 15 Ha: Median > 15(b)What is the p-value? (Round your answer to four decimal places.)What is your conclusion?Do not reject H0. There is not sufficient evidence to conclude that bond mutual funds have significantly lower median net assets than stock mutual funds.Reject H0. There is sufficient evidence to conclude that bond mutual funds have significantly lower median net assets than stock mutual funds. Reject H0. There is not sufficient evidence to conclude that bond mutual funds have significantly lower median net assets than stock mutual funds.Do not reject H0. There is sufficient evidence to conclude that bond mutual funds have significantly lower median net assets than stock mutual funds.

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