How to conclude mean rate of return

Reference no: EM13111889

Given below is the rate of return for one year (reported in percent) for the sample of 12 mutual funds which are classified as taxable money market funds.

4.63 4.15 4.76 4.70 4.65 4.52 4.70 5.06 4.42 4.51 4.24 4.52

Using .05 significance level is it sensible to conclude that mean rate of return is more than 4.50 percent?

Reference no: EM13111889

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