Average common fund yield

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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

3.93

Feb-92

3.95

3.95

Mar-92

4.16

4.16

Apr-92

4.26

3.8.3

May-92

4.26

3.15

Jun.-92

4.41

3.76

 

Reference no: EM13988663

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