What is the conclusion for true average return, Basic Statistics

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What is the conclusion for true average return

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 is your conclusion?

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Basic Statistics: What is the conclusion for true average return

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Recent Questions Asked Basic Statistics

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Basic Statistics: What is the conclusion for true average return

Reference No:- TGS099352

Recent Questions Asked Basic Statistics

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