Average common fund yield

Reference no: EM13988663

The Common Fund is a firm that invests funds for colleges and universities. One of its investment vehicles is a short-term note that is supposed to compete with three-month Treasury bills.. The following table compares the monthly yields of the Common Fund short-tenn notesandthree-month Treasury bills (30). The average Common Fund yield was 5.22; the average Three-month T·bill increase, 4.51. ls that difference statistically significant? Let a = 0.05.

Month	Common Fund,.x	Three-month T-bill, y
July-91	6.71	5.75
Aug-91	6.19	5.51
Sep-91	6.23	5.38
Ocl-91	6JJ7	5.17
Nov-91	5.63	4.73
Dec-91	6.86	4.19
fan-92	3.93	3.93
Feb-92	3.95	3.95
Mar-92	4.16	4.16
Apr-92	4.26	3.8.3
May-92	4.26	3.15
Jun.-92	4.41	3.76

Reference no: EM13988663

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