Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

The partners at an investment firm want to know which of their two star financial planners, Brayden or Zoe, produced a higher population mean rate of return last quarter for their clients. The partners reviewed last quarter's rates of return for random samples of clients who were managed by Brayden or Zoe. The mean rate of return for a sample of 30 of Brayden's clients was 3.54% with a standard deviation of 0.92%. The mean rate of return for a sample of 30 of Zoe's clients was 3.87% with a standard deviation of 2.08%. Let μ1 be the population mean rate of return for Brayden's clients and μ2 be the population mean rate of return for Zoe's clients. Based on these results, the partners test the alternative hypothesis Ha:μ1-μ2<0, with α=0.05, assuming that the population standard deviations of the two groups are not equal and using 29 degrees of freedom. If the t-test statistic is t≈-0.79 and the rejection regions is less than -t0.05=-1.699, what conclusion could be made about the population mean rate of return of the clients for Zoe and Brayden? Identify all of the appropriate conclusions.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M93126972
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Management

Name some marketing techniques and styles that you have

Name some marketing techniques and styles that you have encountered that demonstrate many of the strongpoints we learned in this course.

Using the hershey blanchard model which leadership style do

Using the Hershey Blanchard Model, which leadership style do you feel would be most appropriate for this scenario? Justify your response. Which level of employee readiness is this employee at? • You have recently been ma ...

Can you please tell me the difference in content between an

Can you please tell me the difference in content between an executive summary, an informative abstract, and an introduction?

What are some companies you know of that recruit

What are some companies you know of that recruit internationally?

Describe different networking methods and the advantages

Describe different networking methods and the advantages and disadvantages of them?

What are the pros and cons of allowing the ceo of a company

What are the pros and cons of allowing the CEO of a company to also serve as the Chair of the Board? Please provide an example of a situation where this was positive or a situation where this was negative

Differentiate between strategy and operational

Differentiate between strategy and operational effectiveness. Why are they commonly confused?

Describe some of the advantages and disadvantages of using

Describe some of the advantages and disadvantages of using the N-version programming approach.

How could swot analysis be used to align training

How could SWOT analysis be used to align training activities with business strategies and goals?

1 ann owed 2500 to barry for services barry rendered to ann

1. Ann owed $2,500 to Barry for services Barry rendered to Ann. The debt was due June 30, 2011. In March 2012, the debt was still unpaid. Barry was in urgent need of ready cash and told Ann that if she would pay $1,500 o ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As