What is the decision if true average return is different, Basic Statistics

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What is the decision if 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. If your test statistic is -1.64 what will be your decision?

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Basic Statistics: What is the decision if true average return is different

Reference No:- TGS099357

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the decision if true average return is different

Reference No:- TGS099357

Recent Questions Asked Basic Statistics

Q : Data modeling patterns

Q : Common understanding of the concepts of probability

Q : Amino acid sequence of the protein encoded by the gene

Q : Which aspects of the Great Depression are echoed i

Q : What is the decision if true average return is different

Q : Describe the organization planning system

Q : What is your preferred style of conflict resolution

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Q : Liabilities of principals and agents for authorized

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