(b) If the amount spent on cigarette is skewed to the right, what would you expect the median amount spent on cigarette compared to the mean?

VI. (20%) A financial adviser wants to compare the mutual fund performance between two countries. 30 mutual funds from each country were randomly selected and the annual return for the funds were collected for the analysis. The descriptive statistics of the two samples are shown below: Conduct a hypothesis test to test whether the mutual funds from Country A have a higher annual return than the mutual funds from Country B. At the 0.05 level of significance, what is your conclusion? You may use reasonable approximations in your calculation.

題組內容

(b) If the amount spent on cigarette is skewed to the right, what would you expect the median amount spent on cigarette compared to the mean?

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