(Solution) If The Performance Of A Stock Mutual Fund Is Due To The Skill Of The Fund Manager, Then We Would Expect A Fund That Does Well One Year To Also Do... | Snapessays.com


(Solution) If the performance of a stock mutual fund is due to the skill of the fund manager, then we would expect a fund that does well one year to also do...


If the performance of a stock mutual fund is due to the skill of the fund manager, then we would expect a fund that does well one year to also do well the next. One study classified funds as winners or lowers depending on how the fund did in comparison to the median rate of return for the year. The data is summarized below:

 

Next Year---This Year Winner---Loser

 

Winner-------32------------------------27

 

Loser---------62------------------------57

 

 

Is there evidence to conclude that fund managers matter? Carry out an appropriate hypothesis test, filling in the information below.

 

A. The value of the test statistic:

 

 

B. The p-value:

 

 

C. Your decision for the hypothesis test, assuming a significance level ?=0.01:

 


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This question was answered on: May 23, 2022

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