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An investor has consulted four different financial advisors with regard to the expected annual rate of return for each of three portfolio possibilities she is considering.
The financial advisors have been chosen because they are known to range from very conservative (advisor A) to very optimistic (advisor D). The advisors' respective estimates for the three portfolios are shown here. Use the 0.05 level in comparing the portfolios.
Estimated Annual Rate of Return for Portfolio
1
2
3
Advisor
A
8%
8
5
B
12
10
C
11
D
15
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