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

Question

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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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This exercise is based on the following data on four bodybuilding supplements. (Figures shown correspond to a single serving.) Creatine(grams) L-Glutamine(grams) BCAAs(grams) Cost($) Xtend(SciVation) 0 2.5 7 1.00 Gainz(MP Hardcore) 2 3 6 1.10 Strongevity(Bill Phillips) 2.5 1 0 1.20 Muscle Physique(EAS) 2 2 0 1.00 Your personal trainer suggests that you supplement with at least 10 grams of creatine, 39 grams of L-glutamine, and 90 grams of BCAAs each week. You are thinking of combining Xtend and Gainz to provide you with the required nutrients. How many servings of each should you combine to obtain a week's supply that meets your trainer's specifications at the least cost? (If an answer does not exist, enter DNE.) servings of xtend servings of gainz

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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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.