Colonial Funds claims to have a bond fund which has maintained a mean share price of $14.00. They claim that the variance of the share price is 0.18. To test this claim, the investor randomly selects 12 days during the last year. He finds an average share price of $13.80 with a standard deviation of 0.3905. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at a = 0.05? Step 1 of 5: State the hypotheses in terms of the standard deviation. Round the standard deviation to four decimal places when necessary. Answer Ho H₂ || m Tables Keypad Keyboard Shortcuts

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Colonial Funds claims to have a bond fund which has maintained a mean share price of $14.00. They claim that the variance of the share
price is 0.18. To test this claim, the investor randomly selects 12 days during the last year. He finds an average share price of $13.80
with a standard deviation of 0.3905. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at
a = 0.05?
Step 1 of 5: State the hypotheses in terms of the standard deviation, Round the standard deviation to four decimal places when
necessary.
Answer
Ho:
Ha
Tables
Keypad
Keyboard Shortcuts
Transcribed Image Text:Colonial Funds claims to have a bond fund which has maintained a mean share price of $14.00. They claim that the variance of the share price is 0.18. To test this claim, the investor randomly selects 12 days during the last year. He finds an average share price of $13.80 with a standard deviation of 0.3905. Can the investor conclude that the share price of the bond fund varies from Colonial Funds claims at a = 0.05? Step 1 of 5: State the hypotheses in terms of the standard deviation, Round the standard deviation to four decimal places when necessary. Answer Ho: Ha Tables Keypad Keyboard Shortcuts
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