A sample of 15 mutual funds was taken and the mean return in the sample was 13% with a standard devi


Question: A sample of 15 mutual funds was taken and the mean return in the sample was 13% with a standard deviation of 4.2%. The return on a particular index of stocks (against which the mutual funds are compared) was 11.5%.

a) Does it appear that the actively-managed mutual funds had a statistically significantly greater return than the index of stocks (test at the 5% level of significance)?

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