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A sample of 58 mutual funds was taken and the mean return in the sample was 14% with a standard deviation of 9.3%. The return on a particular index of stocks (against which the mutual funds are compared) was 11.4%. When testing the hypothesis (at the 5% level of significance) that the return on actively-managed mutual funds is higher than an index of stocks, what is the test statistic? (Please round your answer to 2 decimal places)
An agent has a utility function over goods 1 and 2 of the form U = x c 1 x d 2 where c is your 1- digit number and d is your minimum number. The agent's income is equal to you
Why are markets considered as unsuitable for promoting development? The process of establishing a market system frequently includes radical reform which produces both winners
i want information about the theory of supply
explain why each of the following factors influence the own price elasticity of demand for a comodity 1. Consumer preferences 2. the narrowness of definiton of the commodity
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an
Procedure for export under deferred paymet
In a model where a continuum of individuals have preferences for consumption and leisure as follows w i = c i + ln(x i ) and individuals differ in their labour endowments e
What is a bowed out shape? Why does a production possibilities frontier with increasing opportunity costa have a bowed-out shape?
business environment
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