Whether it is reasonable to ask this chosen fund was above the average.

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Answer 1

Question

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

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I just need to know why this is wrong below: What is the test statistic W? W=5 (incorrect) and What is the p-value of this test? (p-value < 0.001-- incorrect) Use the Wilcoxon signed rank test to test the hypothesis that the median number of pages in the statistics books in the library from which the sample was taken is 400. A sample of 12 statistics books have the following numbers of pages pages 127 217 486 132 397 297 396 327 292 256 358 272 What is the sum of the negative ranks (W-)? 75 What is the sum of the positive ranks (W+)? 5What type of test is this? two tailedWhat is the test statistic W? 5 These are the critical values for a 1-tailed Wilcoxon Signed Rank test for n=12 Alpha Level 0.001 0.005 0.01 0.025 0.05 0.1 0.2 Critical Value 75 70 68 64 60 56 50 What is the p-value for this test? p-value < 0.001

Answer 2

Question

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

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Answer 3

Question

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

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Answer 4

Question

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

Answer 6

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.

Answer 7

Chapter 23, Problem 1CS

To determine

To explain: Whether it is reasonable to ask this chosen fund was above the average.

Answer 8

Expert Solution & Answer

Answer to Problem 1CS

Solution: It is reasonable to ask whether the chosen fund was above the average or not.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

There were more than 10,000 mutual funds among which ProFunds Internet Inv Fund was in the top 1%. The past data indicates that the ProFunds Internet Inv Fund provided positive returns. The return of the funds can be positive, negative, or zero. As the fund provides positive return, it is reasonable to conclude that the chosen fund was above the average.

To explain: The expected outcome for the significance test.

Solution: The expected outcome of the significant test can be described as the performance of the chosen fund is better than the average performance of all funds.

Explanation: To compare the performance of the funds with the average performance of all the funds, the significance test is performed. The result that can be expected from the test is that the performance of the chosen fund is better than the average performance of all funds. That is, the result of the test is significant.