Underlying or population mean monthly return

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You are analyzing Sendar Equity Fund, a midcap growth fund that has been in existence for 24 months. Over this period, it has achieved a mean monthly return of 1.50 percent with a sample standard deviation of monthly returns of 3.60 percent. Given its level of systematic (market) risk, this mutual fund was expected to have earned a 1.10 percent mean monthly return over that time period At the .10 level, are the actual results consistent with an underlying or population mean monthly return of 1.10 percent?

Reference no: EM132409435

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