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What is the null hypothesis

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Reference no: EM132399722

As a financial advisor, one of your clients has asked you to review some mutual funds. You are trying to determine which mutual fund is better than the other. Is there is a significant difference in the sizes (number of shares) of the three mutual funds? 

Mutual fund sizes:

Mutual fund #1- 9,7,11,9,12,10

Mutual fund #2-13,20,14,13

Mutual fund #3- 10,9,15,14

  • What is the null hypothesis?
  • What is the decision rule? I.e., What is the critical value of the ANOVA distribution (assume α = 0.10)?
  • What is the value of the test statistic?
  • Is there a significant difference in the number of shares of the three Mutual Funds? Yes or no? Justify your answer.

Reference no: EM132399722

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