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The India Fund, Inc. (IFN) is a close-ended equity mutual fund launched by the Blackstone Group's Asset Management arm. Although it promises impressive returns, it

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The India Fund, Inc. (IFN) is a close-ended equity mutual fund launched by the Blackstone Group's Asset Management arm. Although it promises impressive returns, it does so at the cost of greater risk. An analyst would like to test if the variance ofthe returns for IFN is greater than 1, 000 ( %)2. He uses the following annual return data (in percent) to test his claim at the 5% level of significance. (You may find it useful to reference the appropriate table: chi-square table or F table) 2001 2002 2003 2004 2005 2006 2007 28.33% 7.87% 140.63% 30.91% 63.35% 2.78% 58.30% Click here for the Excel Data File a. Select the competing hypotheses for the analyst's test. (3 2 2 1,000(%)2; HA: 0 > 1,000(%)2 IA H0: (7 2 0H0: 6 = 1,000(%)2; HA: 0 =2 1,000(%)2 O 2 H0: 0 2 1,000(%)2; HA: 02 10,000(thousands)2 2 0H0: 02 10,000(thousands)2; HA: 0 = 10,000(thousands)2 2 IV 0H0: 02 10,000(thousands)2; HA: 0

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