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Please show the work step by step An investment consultant conducts two independent random samples of 5 -year performance data for US and European absolute

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An investment consultant conducts two independent random samples of 5 -year performance data for US and European absolute return hedge funds. Noting a 50 -basis point-return advantage for US managers, the consultant decides to test whether the two means are statistically different from one another at a 0.05 level of significance. The two populations are assumed to be normally distributed with unknown but equal variances. a. State the hypothesis. b. What is the critical value (at 95% confidence of coefficient)? a. H0:USE=0 vs. HA:USE=0 c. What is the test statistics? d. Determine whether or not to reject the null hypothesis b. Critical Value t(.025,98)=1.984 at the .05 significance level. c. t-test =0.4893 d. FTR

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