Is there a difference in the mean yield of the two funds

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Reference no: EM13143528

A financial planner wants to compare the yield of income and growth oriented mutual funds. Fifty thousand dollars is invested in each of a sample of 35 income-oriented and 40 growth-oriented funds. The mean increase for a two year period for the income funds is $1,100 with a standard deviation of $45. For the growth-oriented funds the mean increase is $1,090 with a standard deviation of $55. At the 0.01 significance level is there a difference in the mean yield of the two funds?

Reference no: EM13143528

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