# In a random sample of 32 large cap mutual funds, the average YTD return is 3.05%...

1. In a random sample of 32 large cap mutual funds, the average YTD return is 3.05% with a standard deviation of 9.77%. Conduct by hand an appropriate hypothesis test at the 5% level to test whether the average YTD return for a large cap mutual fund is positive. (Again, that means to write the hypotheses, compute the test statistic, and estimate the p-value.) Give your test conclusion in terms of the question being asked. Confirm your test statistic and result with Minitab. Also, interpret the associated confidence bound for this test.  From Minitab it can be done in the following steps:

Choose Stat > Basic Statistics > 1-Sample t

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