12 Jul A Financial Advisor Wondered Whether The Mean Rate Of Return Of Healthcare
A financial advisor wondered whether the mean rate of return of healthcare, consumer goods, and technology stocks differed over the past five years. She obtained a simple random sample of 14 companies from each of the three sectors and obtained five-year rates of return. The means and standard deviations of the rates of return are given below.
| Mean Rate of Return | Standard Deviation | Group |
| 11.601 | 3.656 | Health Care |
| 8.504 | 3.217 | Consumer Goods |
| 15.082 | 5.798 | Technology |
An ANOVA F test was run on the data. Below is a portion of the results:
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