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The appropriate hypothesis test for an ANOVA test is
Returns
The profit or loss generated on an investment over a specific period, usually expressed as a percentage.
Sharpe Measure
A ratio used to evaluate the risk-adjusted return of an investment, calculated by subtracting the risk-free rate from the return of the investment and dividing by the investment's standard deviation.
Excess Returns
Returns on an investment that exceed the benchmark or risk-free return, often used as a measure of the performance of investment managers.
Risk-free Asset
An investment that is expected to deliver its promised returns without any risk of financial loss, typically associated with government bonds.
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