Which One of the Following Statements Is False

question 52

Multiple Choice

Which one of the following statements is false?

• A) As an investor, you should be concerned with how long a fund manager has been managing a mutual fund.
• B) Often, a fund's success is tied to the manager's ability to buy and sell securities in the fund.
• C) If a manager has been managing a fund for 5 or 10 years, it is time to change managers and get someone with new ideas.
• D) Ultimately, the fund manager is responsible for a fund's success.
• E) Managed funds may be open-end funds or closed-end funds.

---

Definitions:

Confidence Level

A statistical measure expressed as a percentage that indicates the probability that a given interval contains the true parameter or result.

Normal Distribution

A bell-shaped curve that represents the distribution of many types of data, where most observations cluster around the central peak.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system.

Interval Estimation

A range of values used to estimate a population parameter, typically expressed as a confidence interval.