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 |
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.)
Thank you.
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