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The Common Fund is a firm that invests funds for colleges and universities. One of its investment vehicles is a short-term note that is supposed to compete with three-month Treasury bills.. The following table compares the monthly yields of the Common Fund short-tenn notesandthree-month Treasury bills (30). The average Common Fund yield was 5.22; the average Three-month T·bill increase, 4.51. ls that difference statistically significant? Let a = 0.05.
Month
Common Fund,.x
Three-month T-bill, y
July-91
6.71
5.75
Aug-91
6.19
5.51
Sep-91
6.23
5.38
Ocl-91
6JJ7
5.17
Nov-91
5.63
4.73
Dec-91
6.86
4.19
fan-92
3.93
Feb-92
3.95
Mar-92
4.16
Apr-92
4.26
3.8.3
May-92
3.15
Jun.-92
4.41
3.76
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