Question

TYPE THIS - DO NOT WRITE. DO NOT ANSWER IF YOU DO NOT KNOW, I have had so many people get this test statistic wrong!

The following table lists a portion of the data representing the annual returns (in percent) over a 10-year period for the Balanced mutual fund, a top-performing mutual fund from the Janus Capital Group. (You may find it useful to reference the z table.).

Year	Return
2007	10.15
2008	-15.22
2009	24.28
2010	7.83
2011	1.44
2012	13.07
2013	19.72
2014	8.46
2015	0.60
2016	4.51

Competing hypothesis: H₀: m ≤ 5; H_A: m > 5

Calculate the value of the test statistic, assuming that the sampling distribution of T is normally distributed. (Round intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)

Test Statistic: _________

Answer 1

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