Find evidence that true average return is different, Basic Statistics

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Find evidence that true average return is different

You are considering investing in a company. The company claims for the past few years the average monthly return on such an investment has been $870 with a standard deviation of $50. You sample 30 investors and determine the sample average return to be $855. Using a .05 level of significance you will test to determine if there is evidence that the true average return is different from $870. What are your critical values?

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Basic Statistics: Find evidence that true average return is different

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Basic Statistics: Find evidence that true average return is different

Reference No:- TGS0108375

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Recent Questions Asked Basic Statistics

Q : Which conclusion can the brewer draw

Q : Steps of the collaboration process

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Q : Find evidence that true average return is different

Q : How large a sample is required to reduce deviation

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find evidence that true average return is different

Reference No:- TGS0108375

Recent Questions Asked Basic Statistics

Q : Which conclusion can the brewer draw

Q : Steps of the collaboration process

Q : Comfortable with in human services field

Q : Marketing strategies and executional frameworks

Q : Find evidence that true average return is different

Q : How large a sample is required to reduce deviation

Q : Find his median finishing position for the year

Q : How has government action in recent years

Q : Time uniformly distributed

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