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The average annual returns (in percentages) on NASDAQ and S&P 500 for the past 10 years are given below: Year NASDAQ S&P 500 2012 15.91

  1. The average annual returns (in percentages) on NASDAQ and S&P 500 for the past 10 years are given below:

Year NASDAQ S&P 500
2012 15.91 16
2013 38.32 32.4
2014 13.4 13.7
2015 5.73 1.4
2016 7.5 12
2017 28.24 21.8
2018 -3.88 -4.4
2019 35.23 31.5
2020 43.64 18.4
2021 21.39 28.7

Does NASDAQ perform significantly better than S&P 500? Please perform all the steps in hypothesis testing.


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